Andy Haldane, the former Bank of England chief economist, emphasized that the UK can pursue a trade deal with the US while also mending relations with the EU. He articulated that, 'Of course we should pursue energetically an improved deal with the EU, although that won't be straightforward. The new government committed to that and should keep on committing to that.' Haldane presented a vision of the UK establishing itself as a model of stability in a volatile world.
Haldane remarked on the post-Brexit landscape, stating, 'The UK could only pursue a US deal and closer EU ties simultaneously after Brexit, he said. It would have been impossible to have that conversation before. At least now we can commence that conversation.' His insights highlighted the new possibilities in foreign trade relationships that Brexit has created for the UK.
Despite optimism from Haldane, he acknowledged potential difficulties highlighting, 'However, other experts have argued an incoming Trump administration gives Britain new impetus to move closer to the EU, and warned that the UK would face tough demands for a US trade deal that would be harder to bargain for alone.' This emphasizes the complexities of navigating international trade agreements.
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