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Trading blows over exports

Don’t expect any UK trade deals before the last year of this Parliament

The two Chinese characters for “crisis” (Wei Ji or danger opportunity) neatly summarise the challenge for Theresa May’s government on trade.

The danger lies in the possible threat to our services, Single Market access, and the “passporting” of London-based businesses. The opportunity is in bringing back in-house, after 40 years of outsourcing, all our trade agreements; of focusing more on growth markets; and of revitalising the Commonwealth through trade. What’s the balance between the danger and the opportunity?

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About Prospect Magazine

In Prospect’s October issue: Nobel-winning economist Joseph Stiglitz tells our new Editor Tom Clark why globalisation has made him more radical. Rachel Holmes asks whether more women leaders really help women. Five hundred years on, what does Thomas More’s “Utopia” tells us about political idealism. And Tristram Hunt on why Labour needs another Clement Attlee. Also in this issue: David Runciman on why more members isn’t always a good thing for a political party. Will Self on why we’re all turning into robots. Your handy graphic guide to Brexit. Plus: David Willetts on what Theresa May’s industrial strategy should look like. And Kenneth S Rogoff argues we should abolish cash.