Chancellor: EU deal to lower prices for consumers

ODN

Rachel Reeves defends Britain’s new agreement with the European Union. Addressing MPs in the House of Commons, the chancellor said the government’s new deal will help make food cheaper, slash red tape, open up access the EU market and add nearly £9bn to the UK economy by 2040. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00The steel sector is one of the sectors that particularly benefits from the trade deals that

00:04this government has secured. Freeing ourselves of tariffs on steel going into the US and indeed

00:10the deal that was secured with the EU yesterday means that we avoid tariffs on steel being sold

00:17into European markets as well as now being exempt from the European CBAM scheme. Good for steel,

00:24good for jobs right across Britain. And 70% of the fish that is caught in UK waters is sold into

00:32European markets. That will now benefit from the SPS deal that we have secured in that deal. We've

00:39rolled over the deal that the previous government secured, giving certainty to fishermen in Scotland

00:44and across the UK, made it easier for them to export into their European markets. We've ensured

00:51that we can now sell shellfish again into European markets and we announced a £360 million package

00:59of measures to support coastal and fishing industries yesterday. But what this deal will ensure is

01:04a bigger market which on average brings prices down. We're confident that the deal secured

01:10yesterday will bring more good jobs and will bring down bills for consumers.

01:15of uncertainty.

01:21editorial WOMAN

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