Globalisation has come to an end, says minister
Chief Secretary to the Treasury Darren Jones said Britain needs to ‘build out our relationships with our allies and partners around the world’.
Globalisation has “come to an end” in the wake of new tariffs imposed by the US, a Treasury minister has suggested.
Chief Secretary to the Treasury Darren Jones told the BBC that Britain needs to be “strong and resilient” and emphasised the importance of investing in the domestic economy, as nations and businesses are grappling with US President Donald Trump’s new taxes.
It comes after Sir Keir Starmer said that “the world as we knew it has gone” in terms of the global economy and trade.
Asked if the era of “cheap fast-fashion or cheap TVs” was over, Mr Jones told the Sunday With Laura Kuenssberg programme: “Yeah, it’s ended.
