UK-Australia trade deal is more golden duck than golden goose

Analysis: In purely economic terms the first post-Brexit trade deal negotiated from scratch will save each UK household 1 a year

Cheaper Jacob's Creek and Hardys wines, Tim Tams and surfboards for Britain, cut-price Scotch, cars and clothing for Australia. While things might not be going so well for the England cricket team in Australia, the UK government is talking up Anglo-Aussie relations.

Almost six months on from an agreement in principle, the UK and Australia have signed a free trade deal described as historic" for its status as the first negotiated from scratch since leaving the EU.