Labour Party leader Keir Starmer has warned that a trade war with the UK's allies could have devastating consequences for the economy, stressing that his party does not want to see such a situation unfolding.
Starmer made this statement during an interview on a podcast, where he discussed the potential impact of a trade war on British businesses and workers. He argued that Britain's relationship with its European partners is crucial for economic growth and warned that a breakdown in these relations could lead to job losses and reduced investment.
"We don't want a trade war," Starmer said, emphasizing his party's commitment to maintaining good relationships with other countries. "We believe that our membership of the EU has brought benefits to British businesses and workers, but we also need to make sure that we're not holding back the growth of new industries."
Starmer highlighted the potential risks associated with a trade war, including reduced access to key markets such as the EU and potential tariffs on goods. He pointed out that many British companies rely heavily on international trade and warned that a trade war could have serious consequences for these businesses.
The Labour Party leader also emphasized the need for pragmatism in foreign policy, arguing that Britain should work with its allies to address common challenges rather than engaging in protectionist measures that could harm the economy.
Starmer made this statement during an interview on a podcast, where he discussed the potential impact of a trade war on British businesses and workers. He argued that Britain's relationship with its European partners is crucial for economic growth and warned that a breakdown in these relations could lead to job losses and reduced investment.
"We don't want a trade war," Starmer said, emphasizing his party's commitment to maintaining good relationships with other countries. "We believe that our membership of the EU has brought benefits to British businesses and workers, but we also need to make sure that we're not holding back the growth of new industries."
Starmer highlighted the potential risks associated with a trade war, including reduced access to key markets such as the EU and potential tariffs on goods. He pointed out that many British companies rely heavily on international trade and warned that a trade war could have serious consequences for these businesses.
The Labour Party leader also emphasized the need for pragmatism in foreign policy, arguing that Britain should work with its allies to address common challenges rather than engaging in protectionist measures that could harm the economy.
. I mean, we're still studying A-levels and they're worried about trade wars? Can't they see how complicated economics is? 
Like, isn't it just about, like, buying and selling stuff between countries? 
I get that Britain's got some good relationships with Europe and all, but like, why do we have to choose between our economy and being friends with other countries? Can't we just find a way to balance both? 
It's all so confusing... and what about the impact on British businesses and workers? 
I feel like they're not thinking about the bigger picture 
.
We need to be pragmatic and work with our allies, not turn protectionist and harm ourselves in the process. It's all about finding that balance and making sure we're looking out for everyone's interests, not just our own. 
. We need to keep those good relations strong 
️
. Tariffs and job losses are not the answer 
. Let's focus on cooperation and growth 
. We should work with EU countries to tackle global issues together 
️. Britain needs a pragmatic approach to foreign policy 
. No trade war, no harm done 
.
. I mean, can't we all just get along and cooperate on the world stage? 
he's right tho, our relationship with eu countries is pretty important for our economy so hopefully no one freaks out 
. I'm really glad he's pushing for good relations with Europe and encouraging a more pragmatic approach to foreign policy. We need leaders like Keir Starmer who care about putting people first 
They're fire! We need to keep it chill with our allies and just work together. It's all about pragmatism and keeping the economy chill 
. No tariffs, no trade war = good vibes for me 
We need to work together, not play protectionist games 
. I'm all for pragmatism in foreign policy, let's focus on common challenges rather than playing politics 
... it just doesn't make sense 
. Let's focus on finding solutions that benefit everyone, rather than resorting to protectionist measures. We need to have a long-term view and think about the consequences of our actions, not just short-term gains