Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Labour Aims to Improve UK-EU Post-Brexit Trade Deal, Says Reeves

by June 18, 2024
June 18, 2024
Labour Aims to Improve UK-EU Post-Brexit Trade Deal, Says Reeves

Labour intends to enhance the UK’s post-Brexit trade deal with the EU, according to shadow chancellor Rachel Reeves. Her comments mark a significant shift in the party’s approach, which has largely avoided discussing Brexit in detail.

Reeves indicated that Labour would seek a less adversarial relationship with the EU and explore closer alignment with EU regulations in specific sectors, such as chemicals and financial services. She noted that most financial services companies have not viewed Brexit as beneficial for their businesses.

In an interview with the Financial Times, Reeves stated that Labour would aim to reset Britain’s global image, avoiding the regulatory divergence that has characterized recent Conservative policies. She suggested that Labour could negotiate a bespoke arrangement for the chemicals industry to avoid the costs associated with registering products under a separate UK system.

“I don’t think anyone voted leave because they were not happy that chemicals regulations were the same across Europe,” Reeves said, adding that immigration was a primary concern for her constituents who voted to leave.

David Frost, the UK’s former lead Brexit negotiator, criticized Reeves’s approach, arguing that Brexit voters rejected the idea of EU rules being set in Brussels. The EU has previously been wary of the UK attempting to “cherrypick” benefits of EU membership without adhering to full responsibilities.

Reeves also mentioned that Labour would look to improve mutual recognition of professional qualifications, which could benefit the financial services sector, a significant part of the UK economy that was largely excluded from the Brexit deal.

Despite these proposals, Reeves reiterated that Labour would not seek to rejoin the single market or customs union and would not support a youth freedom of movement scheme. The party’s stance aims to work within the existing parameters of the Brexit deal while attempting to make practical improvements.

Reeves also emphasized that a Labour government would prioritize economic growth over tax increases, countering Conservative claims that Labour would raise taxes if elected. She argued that Labour’s economic plans do not require tax hikes on the wealthy but instead focus on fostering growth.

As the general election approaches, Labour’s nuanced approach to the Brexit trade deal signals a shift in tone and a willingness to address specific economic sectors’ concerns while maintaining a broader commitment to respecting the Brexit outcome.

Read more:
Labour Aims to Improve UK-EU Post-Brexit Trade Deal, Says Reeves

0
FacebookTwitterGoogle +Pinterest
previous post
McDonald’s Ends AI Drive-Thru Trial Amid Fast-Food Industry’s Automation Push
next post
Apple Scraps Pay Later Loan Scheme in Shift to Third-Party Lenders

You may also like

Chancellor urged to bolster UK’s late-stage entrepreneurs in...

February 28, 2025

How Ethan Putterman Is Helping Change The University...

December 14, 2022

Small businesses show their community spirit with support...

November 23, 2022

Poundland to cut prices and open 25 new...

August 4, 2022

UK workforce set to hit record low as...

December 13, 2024

Nationwide limits crypto exchange payments as consumer risk...

March 3, 2023

UK economy grew 0.5% in October

December 12, 2022

British government covers up for rich Russians

March 1, 2024

Cash boost for millions of workers as government...

January 23, 2023

The Rise of Mobile Gaming: How Smartphones Have...

January 3, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,567)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved