Brexit is to thank for Britain securing a better trade deal with the US than Europe, Labour admitted yesterday.

Jonathan Reynolds, the Business Secretary, said there was ‘absolutely no doubt’ that the UK was better off as a result of having its own trade policy.

His comments came after Donald Trump announced he had agreed ‘the biggest deal ever made’ between the US and the European Union.

The agreement will subject the EU to 15per cent tariffs on most of its goods entering America.

It is lower than a 30per cent levy previously threatened by the US president - but worse than the UK’s deal - and was quickly lambasted by European leaders.