UPDATED 6:41 AM PT — Tuesday, January 8, 2019
According to British Trade Secretary Liam Fox, England has been planning for a “no-deal Brexit” since the beginning of negotiations with the European Union.
On Monday, Fox told reporters the government’s main goal is to devise a way to maintain trade with European countries once the U.K. leaves.
He said as the European Union mulls Prime Minister Theresa May’s proposal, London is working hard to prepare for all outcomes.
“Our main focus has been getting those trade agreements that the EU already has with third countries; to be in a position to be able to either roll over if there is no deal, or to be able to be in a position where we can build upon them if there is an implementation period,” Fox explained. “That process has gone well, we’ve got some differing approaches with different countries to make that happen.”
The British trade secretary also said while damaging relationships with the European Union is a possibility, it’s important to remember there are opportunities for trade beyond Europe.