Again, Liam Fox puts his foot in it.
Already in trouble for trying to steal powers from Boris Johnson’s Foreign Office, the Secretary of State for Brexit has now admitted that leaving the EU means international trade will cost a lot more money that it did previously.
He has now managed to get the offending press release deleted but the damage has been done.
Labour’s Chuka Umunna – and how nice it is to have something complimentary to say about him! – went on the attack on Twitter.
He wrote: “Leave campaigners promised repeatedly we would get a free trade agreement with the EU – now Fox seems to admit this will not be achievable.
“Trading with the EU under WTO rules would be a hammer blow for the economy, and would demonstrate the hollow nature of Vote Leave’s promises.
“Fox’s WTO strategy would devastate vital export industries, like car manufacturing, and lead to higher prices in the shops for families.
“To put Liam Fox’s announcement today in context – trading under WTO rules with the EU means 10% levy on cars, 12% on clothes and more. Crazy.”
How long before this corrupt incompetent gets fired a second time?
On Friday morning the Department for International Trade published a press release by the disgraced Liam Fox in effect saying the UK would leave the EU Single Market.
The press release said the UK would seek to trade with the EU under WTO rules.
Here was the key paragraph from that release:
If the UK does exit the European Single Market, it will be governed by World Trade Organization (WTO) rules until any new trade deals are negotiated. We’ll remain a competitive player on the global stage because all major economies and most minor ones are members of the WTO. The WTO requires each member to charge the others the same tariffs and grant them ‘most favoured nation’ market access.
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