Lord Frost: Accepting EU’s trade scheme proposal isn’t anti-Brexit

Anton Spisak, an economist and associate fellow at the Centre for European Reform, think-tank, questioned its benefit to the UK economy saying that the number of British companies whose products had included significant elements imported from Pem countries was likely to be very small.

“The amount of difference this would make to UK exporters would be very, very small,” he said. “It might be useful for some supply chains but overall it is questionable whether the time and effort that it would take to negotiate something like this would be worth it.”