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How much is Brexit really costing us? The Cost of Brexit
  • The  only two new post Brexit trade deals have undercut British farmers, offshored animal cruelty and trashed our climate commitments, whilst delivering very few benefits. 
  • They are the only two post-Brexit deals that were not cribbed from the EU.
  • The terms of these deals were so one-sided that antipodean broadcasters openly mocked the UK and George Eustice,  Agriculture Secretary at the time of the negotiations, has since admitted that the UK-AUS deal is “actually not very good for the UK”, despite boasting that it was a “good agreement” at the time. 
  • The Government’s own figures predict that the Australia trade deal may add as little as 0.08% to UK GDP by 2035 and the New Zealand trade deal may actually reduce UK GDP.
  • Trade experts and representatives of the farming industry warned about the negative impact of these damaging deals for businesses, repeating their concerns at a live session of the UKTB in July 2021 after which Commissioners wrote to the UK govt to highlight their evidence. 

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Naomi Smith on NZ and AUS trade-deals: “By the government’s own admission, these trade deals are not good for the UK. They undercut British industries, trash UK standards, make a mockery of our climate commitments, and all while having next to no impact on economic growth and failing to make up for trade we have lost with the EU. Future trade deals should protect British businesses and be aimed at boosting growth and opportunities, that’s why we are gathering hundreds of businesses together at the Trade Unlocked Conference in Birmingham to influence trade policy before the next general election.”

Naomi Smith on George Eustice saying that the deal “is actually not very good for the UK”: “We repeatedly warned that this deal would both dilute food and animal welfare standards in the UK and undercut British farmers while delivering next to no benefits. This admission makes the government look like dodgy PPI dealers. Eustice must now apologise for mis-selling the public this deal and Sunak must prioritise growth by improving the dud deals promoted by his predecessors and removing post-Brexit barriers to trade.”

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