Liam Fox

Fox: UK finance industry won't be hit by Brexit

Liam Fox
PA

Britain’s finance industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top financial centres, according to trade minister Liam Fox.

"I am convinced that once the dust settles, the City of London will do what it always does, which is to emerge fitter, stronger and more dynamic than ever," Fox will say during a speech at the Guildhall later today.

International trade secretary says political system is at risk if Brexit isn't implemented
International trade secretary says political system is at risk if Brexit isn't implemented.

UK secures trade deal with Fiji

UK's top trading partners
BBC

UK trade with Fiji and Papua New Guinea will continue uninterrupted post Brexit after international trade secretary Liam Fox signed a trade continuity agreement.

The region is not a large trading partner with the UK, with total trade worth around £369m a year, a mere fraction of the UK's total trade.

Nonetheless, the government says the deal could save fish exporters £2.1m in tariff charges, and sugar exporters £8.6m.

The UK is seeking to provide continuity for existing EU trade agreements covering more than 70 countries that account for 11% of total UK trade.

So far, the UK has only agreed seven "continuity" deals including Fiji. The others are:

Liam Fox: I will vote for May's deal
The international trade secretary says he will support the Withdrawal Agreement to avoid no Brexit.