Liz Truss says signing the Japan deal `proves the naysayers wrong'. The government's initial impact assessment said it will boost U.K. GDP by 0.07% compared to 2018 levels over the next 15 years 1/ bloomberg.com/news/articles/… via @bpolitics
We're waiting to see the full text of the agreement. The government says it goes further than the EU-Japan deal - which the U.K. benefited from as an EU member - in areas such as `digital and data', and more geographical indicator protections for food 2/
We're also awaiting a new impact assessment of the deal. DIT is frustrated by the rather meagre predicted gains of these trade deals, which are outweighed by the harms of leaving the EU's single market and customs union, on the government's own analysis 3/ 
Hence why DIT has asked economists to look again at the the benefits of these deals. They think previous work has under-estimated the value of services and digital trade, plus the benefit of averting protectionism when trade barriers are going up bloomberg.com/news/articles/…
Other deals in the pipeline -- Canada, Australia, New Zealand, US (?) ... expect to see lots more of Liz Truss in the coming weeks! ends/
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