UK Trade Secretary Liam Fox on Bloomberg Shanghai

UK Trade Secretary Liam Fox is talking to Bloomberg in Shanghai, discussing Brexit.

Key highlights:

• Trade Sec Fox states that the leaked proposal for a customs union between the UK and EU is 'incompatible' with the UK Brexit framework.
• Fox: The UK can't be in the EU's common external tariff program
• UK cabinet "close" to agreement on next steps for Brexit
• Wants a London-Shanghai connect as soon as possible