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Lord Lamont of Lerwick (Con)

Speaking in the House of Lords on 12 May 2025

Debate

UK-US Trade

Contribution

I thank the Minister for her reply, but after all the self-congratulation has faded away, is it not clear that this agreement is very far from being a comprehensive trade agreement of the type that ought to be possible in this post-Brexit world? Is it not the case that British firms are now worse off than they were before 2 April—so-called “liberation day”—because of the 10% tariff? Although it is welcome that the worst draconian tariffs have been reduced on motor cars, British firms are worse off than they were before. If the Government regard this as just a transition to a more effective, more comprehensive deal, is it not important that they give that priority and do away with thinking about dynamic alignment with the EU market?

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