The UK should negotiate a new customs union deal with the European Union, Liberal Democrat leader Ed Davey is to say. In a speech on Thursday, he will argue it is needed to boost Britain’s economy and its ability to deal with the incoming Donald Trump presidency from a position of strength. A Lib Dem source told the BBC the policy was not a step towards rejoining the EU, but a pragmatic move to “turbocharge” the economy. Countries in a customs union agree not to impose charges or custom checks on each other’s goods, but under EU rules they cannot strike their own trade deals either. Prime Minister Sir Keir Starmer has called for a reset in relations with Brussels, but has ruled out rejoining the customs union or the EU’s single market – which guarantees the free movement of goods, capital, services and people within it.
Source link
