Evidence hearing Monday 9
March at 4pm
The Chair of the Business and Trade Committee has warned that
Britain faces a growing strategic dilemma in the global economy:
whether it can still prosper between the United States and Europe
— or risks being squeezed between two increasingly assertive
economic blocs.
The warning comes during a turbulent week in the transatlantic
economy. A public dispute between President Trump and Sir has underlined rising tensions
between Washington and London, while at the same time, the
European Union has stepped up plans for a new “Made
in Europe” agenda, publishing proposals for
an Industrial Accelerator Act designed
to strengthen EU industry which risks cutting out UK firms.
For decades Britain has prospered by acting as a bridge between
Europe and the United States. But as both sides of the Atlantic
pursue more activist industrial policies, the space for countries
outside those blocs may narrow.
The Business and Trade Committee will question Trade Minister
on how the Government plans to
navigate this new landscape — including the progress of the
proposed UK-EU “reset” and the future direction of Britain's
economic partnership with the United States.
BTC Chair said: “Britain has long
prospered as a bridge between Europe and America. But Europe is
building a ‘Made in Europe' economy and Washington is becoming
far more unpredictable. Ministers now need a clear strategy -
because the real risk is not choosing between our great allies,
but being shut out by both.”
At 4pm on Monday 9
March:
-
MP, Minister for Trade at
Department for Business and Trade
- Amanda Brooks CBE, Director General, Trade Policy,
Implementation and Negotiations at Department for Business and
Trade
- Kate Joseph, Director General, Economic Security and Trade
Relations at Department for Business and Trade
