Archive link for those of us in the customs union.
Uh oh 😳. It’s Wes Streeting whom we all hate because of NHS. But he wants us to rejoin the Custom’s Union. Fuck! How do we choose? Will it be a path to rejoining or will it be in fighting and dogma? 🫠😜.
Increasing our trade with Europe (whether it’s with a customs union or some other measure) would be good for two reasons:
The UK specialises in services exports, which are unaffected by a customs union.
Perhaps the EU should become less protectionist, it might help their stagnant economic performance.
I don’t know if the right solution is a customs union, or participation in some areas of the single market, or something else. I just read that the UK’s post-Brexit arrangements “will reduce long-run productivity by 4 per cent relative to remaining in the EU”, so presumably if we boost trade with Europe in certain ways, it should increase British productivity
Returning to common law for regulations more than offsets an annual 0.26% loss of productivity.
And the UK’s productivity problems occured while in the EU anyway.