Report says Starmer can repair some of the damage of Brexit
Closer economic ties with the European Union will boost growth by up to 2.2 per cent, according to new economic modelling shared with members of the cabinet.
A report commissioned by the pro-EU campaign group Best for Britain predicts a boost to the economy of between 1 and 2.2 per cent from alignment with Brussels’ regulations while staying within the prime minister’s stated red lines for the UK’s relationship reset with Europe.
This would mean the UK would recover between a quarter and a half of Brexit’s economic hit to UK GDP, which the Office for Budget Responsibility (OBR) has calculated at minus 4 per cent by 2030.
The government has promised that the UK will not rejoin the EU single market or customs union, or sign up to freedom of movement. But ministers do want a better relationship on defence and security, crime and trade. They hope to reach a deal at a UK-EU summit in the UK on May 19.
Research claims EU deal will fuel growth — and Labour is listening
Edited by pellinore
