Former Chancellor George Osborne has expressed grave concerns about the UK economy, stating it has “gone off a cliff” since Brexit. He argues that the country should consider rejoining the EU’s customs union to restore vital trade links and stimulate economic growth.
Osborne highlights that the departure from the customs union has had a devastating impact on trade, which was not fully understood during the Brexit debate. He believes that reviving trade with Europe is essential for addressing the UK’s growth challenges and attracting investment.
While acknowledging the complexities of rejoining the EU, he insists that re-entering the customs union could be a straightforward step that would not require the UK to accept free movement of people from Europe. This could make the proposal more palatable to the British public.
Osborne’s comments come amid a broader discussion about the economic ramifications of Brexit, with other political figures, including Prime Minister Andy Burnham, echoing the sentiment that closer ties with Europe are crucial for a stronger UK economy.
Source: LBC News
