By Akani Nkuna
United Kingdom Prime Minister Keir Starmer has set out a five-point plan calling for open and balanced global trade to create an environment where businesses can thrive and make national economies more resilient to future economic shocks.
“We should promote open and balanced trade, taking steps to liberalise trade where we can. With new agreements that lower tariffs and barriers and return the stability and certainty that business needs. This is a real priority for my government,” he said.
Starmer was addressing delegates at the G20 Leaders’ Summit on Saturday in Johannesburg, where he said leaders should adopt measures that respond to fast-paced global shifts in economic growth, technological innovation and the impacts of climate change.
Starmer said that to curb these imbalances, deficit countries would need to halt unsustainable borrowing and instead prioritise investment and structural reforms to drive growth, while surplus countries should “reduce subsidies
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