Delivering a successful industrial strategy through trade policy and export promotion

Charles Grant, director of the Centre for European Reform, sounded a note of caution on the presumption that by leaving the EU Customs Union and regaining control of its trade policy, the UK would derive major economic benefits. Grant went on to note that, whilst this was a likely scenario, it was not inevitable and the Treasury had serious concerns that any new trade deals would not be able to outweigh the effect of a less close economic relationship with the EU.