Officials 'sceptical over prospects of significant US trade deal' after Brexit

Officials in the UK and US administrations directly involved with trade negotiations are "sceptical" that a deal of any significance between the two countries can be forged after Brexit, according to a report.

The report by Harvard University academics, including former shadow chancellor Ed Balls, warns that the kind of free trade agreement (FTA) likely to be on offer would deliver "relatively limited" advantages to UK businesses and demand "politically unacceptable" concessions from the British Government.