Extracts from Lords proceedings - Jan 30

Thursday, 31 January 2019 08:19

Extracts from Committee stage (Lords) (day 3) of the Trade Bill  Lord Bilimoria (CB):...Of the UK’s 10 biggest trading partners, seven are from the EU and eight are from Europe. Under the gravity model, there are two variables: the distance between two countries and the size of their economies. There is no surprise that we do a lot of our trade with the European Union. Yes, China’s trade is increasing, but the gravity rule means that it will take time for it to come anywhere...Request free trial