London Daily

Focus on the big picture.
Friday, Jan 09, 2026

Joe Biden Is Turning His Back on Free Trade With the U.K.

Joe Biden Is Turning His Back on Free Trade With the U.K.

Five years on, the doomsday predictions for the British economy, should that nation dare to exit the EU, still have not come to pass. Indeed, they have widely missed the mark.
In the latest update to its periodical World Economic Outlook, the International Monetary Fund (IMF) expects Britain’s post-Brexit economy grow by 7% this year, a far stronger pace than its former EU peers such as Germany (3.6%), France (5.8%) and Italy (4.9%).

The IMF’s bullish assessment of the U.K. economy echoes the recent upgrade of Britain’s economic outlook by a leading international ratings agency. Pointing out that “macroeconomic, labor market and fiscal outturns since the start of 2021 showed the economy was more resilient to the impact of the pandemic shock,” Fitch Ratings raised Britain’s outlook to “stable” from “negative” in June.

The Brexit process has been far from easy. As London toiled to extricate the United Kingdom from decades of EU control of its trading relationships, the European Union cast multiple obstacles in its path. But the well-institutionalized competitiveness and resilience of the U.K. economy has served well.

The keys to Britain’s ability to overcome EU hostility include a deep-seated attachment to the rule of law, a pro-business policy stance, a welcoming attitude to foreign investment, and relatively flexible labor markets. Goods-trade disruptions have stabilized after some initial challenges following implementation of the UK-EU Trade and Cooperation Agreement on Jan. 1, 2021.

The overall U.K. economy has proven remarkably robust, weathering downturns caused by the multiple COVID-19-linked lockdowns and tight restrictions. As underlined by the Fitch Ratings report, the “better adaptation of businesses to working with the economic restrictions and greater resilience of private consumption and investment” have resulted in a better-than-expected economic outlook for the U.K.

As the U.K. continues to ease its pandemic-related controls, London should turn its attention to economic policies that will further enhance the country’s existing competitive strengths in the areas of regulatory efficiency and market openness.

The latest edition of The Heritage Foundation’s “Index of Economic Freedom” ranks the U.K. economy as the seventh-freest economy in the world, well above such other major Western G-7 economies as the United States, Canada, France and Germany.

There will be ample opportunity for greater economic freedom in the post-Brexit U.K. economy. Unshackled from the strictures of European Union bureaucracy, the British economy could register substantial improvements in key policy areas such as business freedom and trade freedom.

From a larger foreign policy perspective, it is regrettable that the Biden administration has not been working with Britain more vigorously and strategically to accelerate the trans-Atlantic economic recovery. Washington has chosen to deprioritize and potentially derail a unique opportunity to pursue an economic freedom partnership with London in the Brexit era, by effectively slowing down negotiations for a bilateral free trade agreement.

A critical ingredient of economic freedom, free trade has been an integral part of America’s extraordinary economic progress over the past decades. Particularly in the context of the current coronavirus pandemic, defending and advancing trade freedom has become more critical.

Ensuring greater freedom to trade, whether bilaterally, regionally, or multilaterally, has proven one of the best ways to promote America’s sustained prosperity. President Biden’s striking inaction to advance the free trade signals that new, innovative trade agreements between the U.S. and the U.K. that can actively facilitate America’s economic recovery are not even on the agenda.

Mr. Biden keeps repeating that “America is back.” But key U.S. allies, particularly Britain, will be increasingly disappointed with the president’s lack of proactive leadership on the trade front.
Newsletter

Related Articles

0:00
0:00
Close
UK Prime Minister Starmer Reaffirms Support for Danish Sovereignty Over Greenland Amid U.S. Pressure
UK Support Bolsters U.S. Seizure of Russian-Flagged Tanker Marinera in Atlantic Strike on Sanctions Evasion
The Claim That Maduro’s Capture and Trial Violate International Law Is Either Legally Illiterate—or Deliberately Deceptive
UK Data Watchdog Probes Elon Musk’s X Over AI-Generated Grok Images Amid Surge in Non-Consensual Outputs
Prince Harry to Return to UK for Court Hearing Without Plans to Meet King Charles III
UK Confirms Support for US Seizure of Russian-Flagged Oil Tanker in North Atlantic
Béla Tarr, Visionary Hungarian Filmmaker, Dies at Seventy After Long Illness
UK and France Pledge Military Hubs Across Ukraine in Post-Ceasefire Security Plan
Prince Harry Poised to Regain UK Security Cover, Clearing Way for Family Visits
UK Junk Food Advertising Ban Faces Major Loophole Allowing Brand-Only Promotions
Maduro’s Arrest Without The Hague Tests International Law—and Trump’s Willingness to Break It
German Intelligence Secretly Intercepted Obama’s Air Force One Communications
The U.S. State Department’s account in Persian: “President Trump is a man of action. If you didn’t know it until now, now you do—do not play games with President Trump.”
Fake Mainstream Media Double Standard: Elon Musk Versus Mamdani
HSBC Leads 2026 Mortgage Rate Cuts as UK Lending Costs Ease
US Joint Chiefs Chairman Outlines How Operation Absolute Resolve Was Carried Out in Venezuela
Starmer Welcomes End of Maduro Era While Stressing International Law and UK Non-Involvement
Korean Beauty Turns Viral Skincare Into a Global Export Engine
UK Confirms Non-Involvement in U.S. Military Action Against Venezuela
UK Terror Watchdog Calls for Australian-Style Social Media Ban to Protect Teenagers
Iranian Protests Intensify as Another Revolutionary Guard Member Is Killed and Khamenei Blames the West
Delta Force Identified as Unit Behind U.S. Operation That Captured Venezuela’s President
Europe’s Luxury Sanctions Punish Russian Consumers While a Sanctions-Circumvention Industry Thrives
Berkshire’s Buffett-to-Abel Transition Tests Whether a One-Man Trust Model Can Survive as a System
Fraud in European Central Bank: Lagarde’s Hidden Pay Premium Exposes a Transparency Crisis at the European Central Bank
Trump Announces U.S. Large-Scale Strike on Venezuela, Declares President Maduro and Wife Captured
Tesla Loses EV Crown to China’s BYD After Annual Deliveries Decline in 2025
UK Manufacturing Growth Reaches 15-Month Peak as Output and Orders Improve in December
Beijing Threatened to Scrap UK–China Trade Talks After British Minister’s Taiwan Visit
Newly Released Files Reveal Tony Blair Pressured Officials Over Iraq Death Case Involving UK Soldiers
Top Stocks and Themes to Watch in 2026 as Markets Enter New Year with Fresh Momentum
No UK Curfew Ordered as Deepfake TikTok Falsely Attributes Decree to Prime Minister Starmer
Europe’s Largest Defence Groups Set to Return Nearly Five Billion Dollars to Shareholders in Twenty Twenty-Five
Abu Dhabi ‘Capital of Capital’: How Abu Dhabi Rose as a Sovereign Wealth Power
Diamonds Are Powering a New Quantum Revolution
Trump Threatens Strikes Against Iran if Nuclear Programme Is Restarted
Apple Escalates Legal Fight by Appealing £1.5 Billion UK Ruling Over App Store Fees
UK Debt Levels Sit Mid-Range Among Advanced Economies Despite Rising Pressures
UK Plans Royal Diplomacy with King Charles and Prince William to Reinvigorate Trade Talks with US
King Charles and Prince William Poised for Separate 2026 US Visits to Reinforce UK-US Trade and Diplomatic Ties
Apple Moves to Appeal UK Ruling Ordering £1.5 Billion in Customer Overcharge Damages
King Charles’s 2025 Christmas Message Tops UK Television Ratings on Christmas Day
The Battle Over the Internet Explodes: The United States Bars European Officials and Ignites a Diplomatic Crisis
Princesses Beatrice and Eugenie Join Royal Family at Sandringham Christmas Service
Fine Wine Investors Find Little Cheer in Third Year of Falls
UK Mortgage Rates Edge Lower as Bank of England Base Rate Cut Filters Through Lending Market
U.S. Supermarket Gives Customers Free Groceries for Christmas After Computer Glitch
Air India ‘Finds’ a Plane That Vanished 13 Years Ago
Caviar and Foie Gras? China Is Becoming a Luxury Food Powerhouse
Hong Kong Climbs to Second Globally in 2025 Tourism Rankings Behind Bangkok
×