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Amidst continuing gloom over the pandemic and uncertainty over the post-Brexit transition, a ray of light and optimism comes shining through to cheer up Britain.

The source of this happier story is the agreement in principle on a new U.K.-Japan trade agreement. This is without reservation good news — for the U.K., for Japan and for the unlocking again of open world trade, which was, and still is, threatening to become bogged down in a quagmire of protectionism and Trumpian belligerence.

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