UK to ‘step out’ of EU shackles to sign trade deals DURING Brexit transition Davis demand

Mr Davis will describe how the UK will be able to trade more with the emerging markets in the world in Asia and the Americas after its divorce with the in a speech to business leaders later today.

His bullish message comes after Downing Street descended into chaos when Chancellor Philip Hammond repeated calls for a soft Brexit during a speech at the World Economic Forum in Davos, Switzerland, where he described his desire for a “modest” break.

Mr Hammond’s speech attracted fury from Brexiteers with Jacob Rees-Mogg saying Britons didn’t “vote for a management of decline”, while fellow Tory MP Bill Cash said the UK should not be “subservient” to the EU’s demands.

A Downing Street spokesman was forced to rebuke Mr Hammond’s comments by saying: “While we want a deep and special economic partnership with the EU after we leave, these could not be described as very modest changes.”

It is hoped Mr Davis’ speech will help get the Government back of track, with the Brexit Secretary to say in Middlesborough today: “As an independent country, no longer a member of the European Union, the United Kingdom will once again have its own trading policy.

“For the first time in more than 40 years, we will be able to step out and sign new trade deals with old friends, and new allies, around the globe.

”Increasingly, we are trading with the key emerging markets of the world in Asia and the Americas. 

“The UK’s fastest growing export markets between 2005 and 2014 included countries like China and Brazil. 

“And we will be able to do so much more with them, when we are an independent trading nation, outside of the EU.”

Mr Davis is expected to clash with the European Commission’s chief Brexit negotiator Michel Barnier over the proposal of the UK carrying out independent trade talks. 

The EU has firmly said the UK cannot negotiate trade deals while still in the bloc, and the transition period, they say, will still see Britain fall under Brussels’ rules.

Earlier this week, Mr Davis said to MPs “there may well be an argument” on the issue because “there are people within the union who want to restrict any advantage for us”.

Mr Davis said the effects of the EU customs union will need to be replicated so the UK can maintain access to each other’s markets. 

Speaking in Westminster this week, Mr Davis said “there may well be an argument” with Brussels over this. 

The speech by Mr Davis comes a day after President Donald Trump said that he expected trade between the UK and the US to increase many times over the coming years. 

Keir Starmer, Labour’s Shadow Brexit Secretary, said: “The Government has got to stop the double-speak and be clear about exactly what it wants to achieve from a transitional deal with the European Union.

“This issue should have been resolved months ago. However, the Government are fundamentally split on this issue, with many in Theresa May’s party wanting to rip the UK out of Europe at any cost.

“Ministers should put the national interest first and guarantee a deal that will protect jobs and the economy.”