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Services exports have been the standout feature of UK trade over the past decade, and the prospect of further growth remains strong in the medium term

This looks to be a well-tailored deal that will suit the commercial interests of both our countries.

Services export growth has been sluggish for several months and this trajectory continued in October.

Pharmaceuticals make up a fifth of all UK exports to the US by value, and we now have a deal which few others have achieved, giving us a distinct advantage.

If the UK is to keep its place at the table of the world’s biggest and most developed economies then it must diversify and improve its supply chain security.

September was a poor month for UK trade. Goods exports fell to the US, EU and the rest of the world.

Businesses and governments from across the world will be watching the US Supreme Court case closely, but could still end up waiting months for a decision.

Businesses will be watching these talks very closely in the hope of divining some certainty on the direction of travel for global trade.