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Will Brexit boost British services trade? Don’t count on it

A former Assistant Director at the Department for International Trade is sceptical that new FTAs can transform our services exports

By David Henig  

International Trade Secretary Liam Fox delivers a speech on Brexit and Britain's future as a global trading nation, at the Bloomberg London Building, London. Photo: Jonathan Brady/PA Wire/PA Images

It is widely accepted in the Brexit debate that the UK’s ability to set our own trade policy after departure means that we can focus particularly on services, where we have significant strengths. Accounting for 80 per cent of the UK’s GDP and four in five jobs across the country, the UK is also the world’s second largest exporter of services, though these only represent 45 per cent…

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