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<p>A UK-US Free Trade Agreement (FTA) could have a significant positive impact on
living standards for households across the UK due to potential wage rises combined
with lower prices for goods imported from the US. The Department for International
Trade (DIT) analysis published in 2020 shows that an ambitious FTA with the US could
deliver a £15.3 billion increase in bilateral trade and a £3.4 billion lift to the
UK economy. DIT’s analysis also suggests productivity gains from a UK-US FTA could
contribute to wage increases of up to £1.8 billion for UK workers in the long run.</p><p>
</p><p>Further detail can be found in the report on <a href="https://www.gov.uk/government/publications/the-uks-approach-to-trade-negotiations-with-the-us"
target="_blank">https://www.gov.uk/government/publications/the-uks-approach-to-trade-negotiations-with-the-us</a></p>
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