UK, Australia trade deal in March: report

The UK's next free trade deal is set to be with Australia, in a deal that could be completed as soon as March, the City AM newspaper reports.

The London business newspaper cited a source close to UK international trade secretary Liz Truss as saying the talks between the two countries were in "pole position" to wrap up before New Zealand and US negotiations.

The next round of UK-Australia talks are due early next month, the report added.

The newspaper reported that a trade deal will open up Australia's market to UK telecommunications companies.