A trade deal with the US would be a defining moment for the UK. It is not an exaggeration to say it would reveal the country’s direction of travel more than any other decision in the aftermath of Britain quitting the European Union.
Amid the confusing array of government pledges – more police and more spending on the regions while also cutting taxes for the better off (mostly in London and the home counties) – it is the basics of any trade deal that will set Britain’s course for decades to come.
The most emotive questions apply to agriculture, and not just in the UK. It’s fair to say that American farmers can get very emotional about access to foreign markets, especially when they have put more time and effort into producing cheap food than probably anyone else in the world.
US policymakers have long understood that cheap food and cheap energy are the bedrocks of a flourishing economy. In the modern era, they are the keys to higher disposable incomes when wages are flat. They allow workers to maintain some semblance of their living standards from year to year while the producers and owners of capital walk off with the bulk of any gains. » | Phillip Inman | Saturday, August 17, 2019
