The EU will be the UK’s “highest priority” given it is the largest trading partner, he explained. Any agreement with Australia has a long way to go and will have to take into account issues that range from animal welfare to labour laws, food standards and farm subsidies.
“A deal such as this is very speculative at this time and would depend a lot on the detail,” he said.
“In the event of a free trade deal being done between the UK and Australia, one that includes food and drink, we would anticipate that the main difference would be a widening of trade in goods, driven by lower prices. Shoppers in both countries would therefore potentially benefit.”
Chin chin to that.