- UK’s Hunt: Confident we can remove trade barriers with EU outside the single market
Market news
18 November 2022
UK’s Hunt: Confident we can remove trade barriers with EU outside the single market
The UK Finance Minister Jeremy Hunt said on Friday, “I am confident we will be able to remove the vast majority of trade barriers with the European Union (EU) outside the single market.”
“We can find other ways to more than compensate for the advantages of being in the single market,” he added.
Furthermore, Hunt noted that “there is short-term disruption as we change our economic model but I believe there are long-term opportunities from Brexit.”
Earlier on, Hunt said: “It would be the wrong thing to make recession worse with public spending cuts now.”
Market reaction
At the time of writing, GBPUSD is paring back gains to near 1.1885, adding 0.25% on the day.
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