, Columnists
Jacob Rees-Mogg Is a Nightmare for Britain's Bosses
High-value manufacturers would suffer even if Britain signed trade deals with every non-EU country after a hard Brexit, according to a new research model.
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Emma Walmsley, chief executive of drugs giant GlaxoSmithKline Plc, intervened again in the Brexit debate this week, saying it was essential to tie up a transition deal soon. She wants zero tariffs on healthcare goods too, if possible.
Ardent Brexiteers such as Jacob Rees-Mogg, the Conservative Party leadership hopeful, might dismiss this as yet another burst of self-interest from the business class elite. Yet some fascinating new research from the University of Sussex's U.K. Trade Policy Observatory shows Walmsley is absolutely right to raise the alarm.