Liz Truss, the Brexit superwoman, has unveiled a £170 billion trade strategy to boost Britain’s economy.
LIZ TRUSS has unveiled a new trade plan that will raise British exports and inject £170 billion into the UK economy.
The Green Trade study, released by the International Trade Secretary, emphasizes the role free trade may play in hastening the global transition to a low-carbon economy.
The paper, co-authored by the Board of Trade and ministers, suggests that the UK use its trade agenda to accelerate the global green transformation.
It also suggests that by leveraging the UK’s green industrial base, the country might attract more international investment after Brexit.
The analysis stated that between 2015 and 2030, the UK’s low-carbon economy could develop at an annual rate of 11%.
This is four times quicker than the rest of the British economy, and by 2030, it will have generated between £60 billion and £170 billion in products and services export sales.
More than 1.2 million full-time people would be directly employed in England’s low-carbon industry by 2050.
“The UK is a pioneer in green exports, and this research demonstrates how free trade, free markets, and free entrepreneurship can be used to combat green protectionist policies that stymie the global transition to a low-carbon economy,” Ms Truss said.
“Free enterprise is critical to the United Kingdom’s recovery from the coronavirus pandemic, to combating climate change, and to securing a stronger and freer trading environment that directly supports jobs in regions and nations around the United Kingdom.”
The report was released as the Secretary of State was in Scotland for a two-day visit.
Ms Truss, who was in Scotland today to promote the country’s export and investment potential, claimed that Scottish businesses were looking forward to future “trade opportunities” in the post-Brexit world.
“I’ve been meeting lots of businesses in Scotland, and what I’ve heard is that they’re very excited about the opportunities of trading right across the world, for example, we’ve just seen tariffs on whisky eliminated as a result of us resolving the Airbus-Boeing dispute,” the Minister added this morning.
“What this means is that whisky distilleries in Scotland now have additional options to sell their products in the United States.
When asked about the SNP-led Scottish Government’s resistance to leaving the EU, she said, “I’m not refighting the fights of the past; what I’m doing is focusing on the future potential for Scottish enterprise.”
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