Tories '˜to launch EU trade war' ahead of Brexit talks
Theresa May has been accused of preparing to trigger a full-scale 'trade war' with the European Union amid reports she is ready to pull Britain out of the single market.
In a ratcheting up of the Government’s rhetoric, Chancellor Philip Hammond signalled ministers could slash corporation tax rates if British exporters were faced with new tariff barriers outside the EU.
In an interview with a German newspaper, Mr Hammond said the UK Government would do “whatever we have to” to ensure UK businesses remained competitive if European markets were “closed off” to them.
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