British prime minister Theresa May went to the G20 summit in Hamburg looking for a date. With the combined impacts of the Brexit fiasco, her disastrous performance in Britain's last general election and the Grenfell Tower scandal, the MayBot is desperate for something, anything positive to show the folks at home that she is indeed "getting on with the job."
She got that in Hamburg in the form of a promise from Donald Trump to expedite a US/UK free trade deal very, very soon. Britain's business community, however, is warning May not to jump too fast into Donald Trump's lap.
The president of one of the most influential business groups in the country has warned Theresa May not to rush into a trade deal with the US.
Paul Drechsler, president of the Confederation of Business Industry (CBI), criticised the Prime Minister for seeking to make headlines instead of setting out the facts and evidence to the British public, when she met President Donald Trump at the G20 summit in Hamburg.
Mr Trump told reporters he expected a "very, very big deal" to be completed "very, very quickly".
Speaking on Sky News, Mr Drechsler, who campaigned with the CBI to remain in the EU, warned against the UK entering a "bear hug" with the US.
"We don't want to walk into a bear hug and I would be wary of trying to be too fast on a trade deal. The important thing is to know what we want to achieve, what the objectives are and what the trade-offs are.
"A trade deal is a dog-eat-dog activity, it is not a diplomatic activity. And what worries me is that we are not honest to people about all these big issues so we are going for headlines rather than the facts and evidence."
May would also do well to recall the remarks of Trump's now commerce secretary, Wilbur Ross, from last December. From CNBC.
Ross urged Cypriot financiers to strike during this "period of confusion" in Britain to draw businesses away from the City. He made the remarks before the U.S. election and his selection by the Trump.
"I recommend that Cyprus should adopt and immediately announce even more liberal financial service policies than it already has so that it can try to take advantage of the inevitable relocations that will occur during the period of confusion," Ross said, according to The Times.
He further added that Britain's departure from the European Union was a "God-given opportunity" for the City's financial rivals, especially Frankfurt and Dublin in particular.
If confirmed as Commerce secretary, Ross would be among those responsible for negotiating a free trade deal with the U.K. But his comments have sparked speculation that the U.S. may seek to exploit the uncertainty created by Brexit in order to lure business away from London.
I think I understand why the British commerce sector has reservations about the MayBot and her schemes.