But Boris’ deal might not be as good as he’s making out (shocker).
Former Australian PM Julia Gillard appeared on BBC Breakfast this morning and gently broke down exactly why a trade deal with Australia was nothing to shake a TimTam at.
Johnson really did bring a bag of Arnott’s Tim Tams to a press conference to demonstrate the benefits of UK-Aus tra… https://t.co/HFD9Qs9Kif
— Dr Mike Galsworthy (@Dr Mike Galsworthy)
Admitting that she’d have voted to Remain if she’d been a UK citizen, Gillard went on to say:
A lot gets talked about in terms of trade deals with other countries. There is the prospect of a trade deal with Australia and we’re always open to trade deals, we’re a great trading nation.
But I do worry that people are starting to imagine that the trade deal with Australia is somehow a substitute for being on the doorstep of a market with 500 million people, it’s not.
Gillard then ranked the UK at the bottom of Australia’s current ‘list’ of nations it enjoys the biggest two-way trading partnership with, placing China, Japan, America, India, New Zealand and Singapore above it.
“If a trade deal boosts that a bit, great,” she finished. “But it’s not going to be a huge economic bonanza given the EU trade issues that will come out of Brexit, subject to how it’s handled”.
Basically: the UK is small fry now.
Oh well, we might be losing a massive trading partner and gaining a minor one in return but at least we have TimTams.
Boris says that’s worth it, and he can’t be wrong.