Brexit trade windfall has to wait

The UK ‘lacks an effective independent supervisory authority that is capable of enforcing compliance with data protection law and vindicating data subjects’ rights’,  said Ryan. — Reuters

LONDON: The UK government has celebrated its trade agreement with Japan, lauding the ability to strike its own deals as a key dividends of Brexit. But the accord largely preserves the status quo, and will bring only a limited effect to Britain’s economy.

Signed by International Trade Secretary Liz Truss and Japanese Foreign Minister Toshimitsu Motegi last Friday, the accord is expected to boost Britain’s gross domestic product by 0.07% over the next 15 years, according to the UK government. That’s equivalent to about £1.5bil (US$2bil).