Shadow Business Secretary Andrew Griffith says if tariffs are applied to the UK it will be “the biggest failure of trade policy for a generation”. He continues saying, “the government, in my view, has done everything wrong”.
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00:00Well, let's be clear, if tariffs are applied to the UK, this will be the biggest failure of trade policy for a generation.
00:07And the government, in my view, has done everything wrong.
00:10The Prime Minister should be coming to Parliament this afternoon to lay out the government's strategy.
00:15And, regrettably, the Chancellor will need to come back to Parliament next week for an emergency second spring budget
00:23because all of the headroom that she put aside, very little headroom,
00:27has been wiped out, or will have been wiped out, by US tariffs.
00:31So that emergency budget has not lasted an entire week.
00:36And it's desperately important that the government lay out a clear plan from here forward.