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George Osborne urges UK to rejoin EU customs union

financeSep 13, 202623616

Former chancellor George Osborne told the Independent that Britain’s economy has "fallen off a cliff" since Brexit and that rejoining the EU customs union would be the fastest route to recovery. Osborne, who resigned as chancellor after serving in David Cameron’s cabinet at the time of the 2016 referendum, said rebuilding links with the EU is important because leaving the customs union has had "a devastating impact on trade." He argued rejoining the customs union is "quite simple to do" and was never part of the Brexit debate. Osborne rejected rejoining the single market as politically difficult because it requires accepting free movement of people, and he said Brexiteers' promise of big US trade deals now looks "pretty fanciful." He urged politicians such as Andy Burnham to consider rejoining the customs union as a straightforward step to revive trade and attract investment.

The Guardian
@theguardian.com

George Osborne calls for UK to rejoin EU customs union and boost trade

14727d ago
Brexit Bin 🇪🇺 🇬🇧 🇩🇪
@brexitbin.bsky.social

George Osborne wants the Customs Union but not the Single Market. I'm so sick of this stupid idea. The Customs Union means a joint seat at the WTO. That's useless unless you have cross border manufacture with the free movement of goods, services, capital and workers facilitated by the Single Market.

10627d ago
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