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Last week, the Chancellor Sajid Javid sat down in the Pickles sandwich bar, Westminster, for an interview with the Financial Times. You can read the interview in full
here, but you may have to subscribe or join the FT’s trial membership scheme.
In it, he talked tough about the UK post-Brexit trading scenario. Hopefully, this is pre-negotiation chatter, but what he said was alarming nonetheless:
There will not be alignment, we will not be a ruletaker, we will not be in the single market and we will not be in the customs union — and we will do this by the end of the year.
He said there would be no Treasury support for the big manufacturing sectors to adjust to the new trade rules. Rather peevishly he added that they had had since 2016 to prepare for the new scenario. Of course, they have not known what the Sam Hill they were needing to prepare for during those three years.
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