[Twosugars]

The British economy would be at most 0.16% larger by the middle of the next decade under a comprehensive trade deal with the US, the government has admitted, laying bare the limited benefits from striking an agreement with Donald Trump.

In a Department for International Trade (DIT) document, designed to kick-start post-Brexit trade talks with the White House, the government said the British economy stood to benefit from an “ambitious and comprehensive” trade deal worth a fraction of GDP, equivalent to £3.4bn after 15 years.

Prompting warnings from economists that the benefits would be far outstripped by the losses from crashing out of the EU, the official analysis also showed that a more limited trade deal with the US would deliver benefits to the UK economy worth just 0.07% by the middle of the 2030s, or about £1.4bn.

The government had previously estimated the economy would be as much as 7.6% smaller should Britain leave the EU without a deal, and about 4.9% smaller under Boris Johnson’s preferred Canada-style agreement.
https://www.theguardian.com/politics...eal-with-trump