Rolling coverage at the latest economic and financial news, as the UK’s trade deals with Australia and New Zealand come into effect since midnight
Two handpicked consignments of UK goods including signed copies of the Beano are heading to trade ministers of Australian and New Zealand, to mark the new trade deal that came into effect at midnight.
International trade minister Nigel Huddleston was expected to tour DHL’s Southern Distribution Centre near Heathrow to see the two shipments.
“Today is a historic moment as our first trade deals to be negotiated post-Brexit come into effect.
“Businesses up and down the country will now be able to reap the rewards of our status as an independent trading nation and seize new opportunities, driving economic growth, innovation and higher wages.”
While this is expected to offer further encouragement that headline inflation in Europe is slowing, that isn’t the problem that is causing investors sleepless nights.
It’s the level of core inflation and for that we’ll have to wait until tomorrow and EU core CPI numbers for May, which aren’t expected to show much sign of slowing.
