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Leading article

Trade deals can destroy native industries – but they still boost wealth creation

10 August 2019

9:00 AM

10 August 2019

9:00 AM

Comments by the former US Treasury Secretary Larry Summers this week, claiming that Britain will come off poorly in negotiations for a trade deal with the US, should not be surprising. He has previously declared that Britain’s vote for Brexit was ‘the worst self-inflicted policy wound that a country has done since the second world war’ so he would not want to be proved wrong by Britain doing well out of leaving the EU.

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