Angela Eagle MP, Labour’s Shadow Business Secretary, responding to President Obama’s comments that Britain would be “at the back of the queue” when it comes to negotiating a trade agreement with the United States following Brexit, said:

“President Obama’s comments confirm what we have been saying for months – that Britain’s ability to negotiate trade deals would be hugely diminished after Brexit. It is simply not credible for the Leave campaign to suggest we could swiftly negotiate a favourable trade deal with the United States and other countries.

“As a member of the European Union we have or are negotiating more than 100 trade agreements. It is clear that Brexit would cause chaos, confusion and economic uncertainty as we spent time and money frantically trying to re-negotiate these. The President’s remarks should serve as a stark warning about how undesirable that would be, and highlights the Leave campaign’s continuing refusal to engage with the facts.”