The Prosperity Institute warned rejoining the EU customs union could cost up to £40 billion per year.
- 4 days ago
- 1 min read
Keir Starmer has suggested reassessing the UK’s relationship with the EU.
Rachel Reeves called stronger EU ties the UK’s “biggest prize.”
The Prosperity Institute estimates:
0.5% GDP reduction in the first year of rejoining.
1.35% GDP reduction within five years.
Equivalent to £30–£40 billion annual lost output.
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