Speaking following a meeting with Prime Minister Boris Johnson on a visit to London, Mr Bolton said Washington would support an accelerated series of trade deals on a “sector-by-sector” basis. He said “both President Trump and I were leavers before there were leavers” on his first day of a two day visit to London. On Britain’s decision to exit the EU without a deal, he said: “If that’s the decision of the British government, we will support it enthusiastically and that’s what I’m trying to convey.
“We’re with you, we’re with you.”
Mr Bolton said the US had been “ready to negotiate” with Theresa May’s government and vowed the US could do a trade deal with the UK “in pieces” on a sector-by-sector basis.
He said the US could focus on certain sectors like manufacturing and car-making where both countries may agree and work out more complicated areas later.
This would be acceptable under World Trade Organisation rules, he said.
He said: “We want to move very quickly. We wish we could have moved further along in this with the prior government.
“We were ready to negotiate. We are ready to negotiate now.”
The US official said: “You could do it sector by sector, you could do it in a modular fashion in other words.
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“You could carve out some areas where it might be possible to reach a bilateral agreement very quickly, very straight forwardly.
“That would then lock that in and when the other areas that might be more difficult were concluded later, you could combine it in one overall agreement.
“So the objective is either one document or a series of agreements that would be comprehensive.
“In order to expedite things and enhance the possibility for increasing the trade and investments between the two countries, doing it in a sector-by-sector approach or some other approach that the trade negotiators might agree with, we are open to that.”
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9.01am update: Retail boss says no deal Brexit will cause ‘mild disruption’
Next chief executive Lord Wolfson of Aspley Guise said the worst outcome of a no-deal Brexit will be “mild disruption” given the preparations being made by Boris Johnson’s Government.
He said he will be “much less frightened” of the UK leaving the EU without a deal if the Government is well prepared – and he has “every indication” they are now taking it seriously under the new Prime Minister.
He was also sharply critical of the no-deal planning by Theresa May’s administration, insisting there was “almost a wilful attempt” to not prepare as they did not want to admit it could happen.
The Conservative peer said the required level of confidence, energy and vigour “certainly wasn’t” in Mrs May’s Government.
He told BBC Radio 4’s Today programme: “I’m very pleased to see that that vigour has now come to government and we are properly preparing for all eventualities.”
Lord Wolfson added of Mrs May’s time in office: “I think there was almost a wilful attempt to not prepare in government and mainly out of the fear that they were so scared of no-deal, they wouldn’t allow anyone to admit it could happen.”
8.51am update: Shoppers stockpile frozen food in event of no deal Brexit
Sales have soared to £6.3 billion this year in the UK.
Iceland shoppers say frozen foods have been growing in popularity.
A spokesman said: “Not many would know that warm water king prawns, marinated in a creamy, Italian white wine and lemon sauce for our Prawn Alfredo, could be found in the freezers of Iceland. Yet, shoppers are screaming online that they ‘don’t see how it can be improved.'”
8.38am update: 25 percent chance of no deal Brexit
ING, one of Europe’s largest banks, said it saw a 25 percent chance of a no-deal Brexit and a 40 percent chance of an election in Britain.
ING economist James Smith said: “Deal or no-deal a general election looks increasingly likely.
“There’s a 40 percent probability of a general election coupled with an Article 50 extension.”
The bank said sterling could hit 95 pence per euro this quarter.