The whole world is going through a down turn, however, the UK will likely impacted harder and longer. We gave up a trade deal with a very large trading block, t

The whole world is going through a down turn, however, the UK will likely impacted harder and longer. We gave up a trade deal with a very large trading block, the EU, and haven't been able to make up for this by having trade deals with the USA, China or India so far. The few wins, trade deals with New Zealand and Australia, are mostly symbolic as the impact on the GDP is expected to be small. A trade deal with China looks unlikely given the current political climate. Trade deals with both the USA and India are fraught with political risk. The USA wants to be able to export GM food to the UK, out pricing UK farmers that were reliant on EU subsidies until recently. India is after a deal on immigration and this is even more contentious. Trade deals will eventually be signed, however, almost certainly won't help to shorten or lessen the impact of the current recession.