UK should rejoin EU customs union, Osborne says
Osborne said closer EU ties could revive trade and said Brexit has left Britain poorer, with promised US trade gains not materializing.
- On Sunday, Former British Chancellor George Osborne stated the UK's economy has "fallen off a cliff" since Brexit, arguing that rejoining the European Union customs union offers the fastest route to recovery.
- Osborne served as chancellor under David Cameron during the Brexit referendum, describing the outcome in an interview with The Independent as a "mess" that has left Britain poorer.
- Dismissing Brexiteers' promised trade deals with America as "fanciful," Osborne argued the original rationale for leaving the customs union has not materialized, noting a "devastating impact on trade."
- Unlike the single market, rejoining the customs union does not require accepting free movement of people, making it a "pretty straightforward decision" that Andy Burnham should consider, Osborne suggested.
- People are increasingly realizing Britain's growth problem requires reviving trade with Europe, and Osborne emphasized one cannot address investment challenges without improving relations with the continent.
15 Articles
15 Articles
Evening Standard
Former chancellor George Osborne says Britain should rejoin customs union
He deemed Brexit ‘a mess’ and said the UK needs to rebuild links with the EU.
Britain must rejoin EU customs union, George Osborne says
Britain must rejoin the EU's customs union if it is to recover the economic losses caused by Brexit, George Osborne has said. The former Tory chancellor who was forced to resign a decade ago after being on the losing side with then-prime minister David Cameron in the Brexit referendum said a “conspiracy of silence” by politicians and business and union leaders is hindering vital moves to rebuild links to the EU. He says it “will be hard to rejoi…
George Osborne, Chancellor of the Exchequer in Lord Cameron's government (2010-2016), wants Britain to rejoin the EU trading bloc. He recommends Prime Minister Andy Burnham to work for Britain to rejoin the EU customs union, because the British economy has "fallen off a cliff" after Brexit.
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