National

Truss exit may stall Canada-U.K. trade deal

Darpan News Desk The Canadian Press, 20 Oct, 2022 01:32 PM

OTTAWA - More political tumult in Britain is likely to further stall trade talks with Canada, experts say.

U.K. Prime Minister Liz Truss stepped down today after a mere six weeks in office following ministers' resignations over her controversial tax policies.

The ruling Conservative Party says it will elect a new leader in a week, who will then install a new cabinet.

I recognise however that, given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party.

I have therefore spoken to His Majesty The King to notify him that I am resigning as Leader of the Conservative Party.
— Liz Truss (@trussliz) October 20, 2022

Canadian trade experts say the changeover will mean it takes longer for Ottawa and London to sort out how they will exchange goods and services.

Britain left the European Union in 2020 and has since focused on deepening ties with countries outside Europe, especially Commonwealth peers such as Canada.

A continuity agreement is currently in place that keeps most of the former European Union rules in place until Canada signs a new trade deal with Britain.

Prev Next

MORE National ARTICLES

Conservative leadership race: who's in, who's out

With Sept. 10 picked as the date for when the Conservative Party of Canada will have a new leader, time is ticking for prospective candidates and their teams to get into place. Those running have until April 19 to throw their hat into the ring and until June 3 to sell memberships.

Conservative leadership race: who's in, who's out

Considerable avalanche risk on B.C. South Coast

The agency warning covers alpine, treeline and below-treeline sections on south coast mountains for Tuesday and Thursday. It says recent storm slabs could likely be triggered by human activity in the area.

Considerable avalanche risk on B.C. South Coast

Auditor makes recommendations for BC Housing

In an audit of BC Housing's response to the COVID-19 pandemic, auditor general Michael Pickup says the Crown corporation did not have a process to ensure hotel and motel operators fulfilled their agreements for the space.

Auditor makes recommendations for BC Housing

Future of work shows promise but also inequality

The BC Federation of Labour, which represents more than half a million workers in B.C., recommends governments ensure there are no barriers to unionization in the changing labour market.

Future of work shows promise but also inequality

NATO should ready for battle: survey respondents

The North Atlantic Treaty Organization has signalled its solidarity with Ukraine in the form of supplies, weapons and sanctions since the early days of Russia's latest incursion into its territory, but has not deployed troops for combat.

NATO should ready for battle: survey respondents

Vancouver must restore $5.7M to police budget

Vancouver police Chief Adam Palmer says a provincial report from the director of police services has ordered the city to restore $5.7 million to the department’s 2021 budget.