US EditionRebuilding EU ties ‘the biggest prize’ for British economy, Reeves says
Chancellor Rachel Reeves highlights the EU as the largest economic opportunity, with UK-EU trade nearly matching trade with the rest of the world combined, aiming to remove barriers for businesses.
- On Wednesday, Chancellor Rachel Reeves said her government is eyeing further alignment with the EU and wants to remove barriers for businesses at the London School of Economics.
- Labour's 2024 general election manifesto sets three 'red lines' banning a return to the single market, customs union, or freedom of movement, while Deputy Prime Minister David Lammy noted in December that rejoining a customs union could be beneficial though not 'currently' policy.
- Reeves cited the UK's return to the Erasmus student exchange programme and an ambitious Youth Mobility Scheme as signs of progress on EU relations while stressing efforts to remove business barriers.
- Reeves defended the approach, saying `We can win the argument`, despite Conservative critics accusing her of seeking to 'row back on Brexit' and Sir Mel Stride blaming Labour's 'poor choices'.
- Reeves made the economic case by saying `We trade almost as much with the EU as the whole of the rest of the world combined`, while warning a customs union could limit tariff control.
13 Articles
13 Articles
Politics LIVE: Rachel Reeves sparks major Brexit betrayal row after declaring 'Britain's future is bound with Europe'
Rachel Reeves has been accused of a "Brexit betrayal" after declaring that Britain's future is "inextricably bound with that of Europe".Last night, the Chancellor claimed closer relations with Brussels were the "biggest prize" for the UK economy - and revealed Labour was ready give away powers to the EU in order to secure a better deal."I think further integration will require further alignment - but I'm up for that. Keir Starmer's Government is…
EU is 'the biggest prize', Reeves says - as Labour seek closer ties
Rachel Reeves says trade deals with the likes of the US and India don't compare to stronger trading relations with Europe. It comes after fellow cabinet ministers suggested joining a customs union would bring big economic benefits.
Rachel Reeves, with problems matching the budget in a country hit by Brexit, says the trade relationship with the EU is her priority and promises more "alignment" with European standards
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