The article discusses various pressing issues, including the need for quality journalism, particularly as it relates to US politics and trade policies. It highlights a trade plan proposed by the International Chambers of Commerce (ICC) that could generate up to £250 billion in economic growth for the UK, advocating for digitalisation and the elimination of outdated systems. As tariffs from the US seem imminent, the importance of a strategic trade approach is underscored. However, there is disappointment in the Chancellor's recent focus on balancing budgets, overlooking trade concerns.
Keir Starmer is being urged to adopt a trade plan which could unlock 250bn in economic growth and savings, even if Donald Trump unleashes direct tariffs on the UK.
The International Chambers of Commerce (ICC) claims that outdated paper-based trade systems are stifling economic growth, but bold action can position the UK as a global leader in 21st century trade.
By embracing digitalisation and regulatory modernisation, the UK can create a cheaper, faster, simpler, secure and sustainable trading environment, which would ultimately benefit its economy.
Chancellor Rachel Reeves did not mention trade in her spring statement, as she focused on balancing the books by putting a squeeze on benefits.
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