Interesting Cabinet split over a proposed trade deal with Australia with zero tariffs
Pro camp are Trade (Liz Truss and David Frost)
Their arguments:
- If you can't get a good deal with Australia then you can't get a deal with anyone
- A deal would signify support for Australia which has a trade row with China
- It could aid the UK's bid to join the Trans-Pacific Trade Partnership.
Anti camp are Agriculture (George Eustice and Michael Gove)
Their arguments:
- Michael Gove has promised that farmers would not be worse off due to Brexit. This would make some worse off.
- Lamb farmers, predominantly in Wales and Scotland, would be some of those worse off from the deal encouraging the independence vote.
- Trade will pnly be worth 0.01-0.02% of GDP over 15 years so is not worth sacrificing British farming for
Something needs to be decided before June's G7 summit in Cornwall, which Australia’s PM should be attending.
See
https://www.ft.com/content/8c5f7a0c-...e-fe721dc08701 or Google "UK government split over Australia trade deal"