Article 76CYK Rejoining customs union would not fix damage caused by Brexit, research finds

Rejoining customs union would not fix damage caused by Brexit, research finds

by
Heather Stewart Economics editor
from World news | The Guardian on (#76CYK)

Exclusive: Economists find Brexit caused 12% depression in UK exports, most of which is due to leaving single market

Brexit has depressed UK exports to the EU by 12%, and rejoining the customs union would undo only a fraction of the damage, research shared with the Guardian shows.

With the UK's future relationship with the bloc likely to feature prominently in a potential Labour leadership contest, the economists John Springford and Anton Spisak, of the Centre for European Reform, provide fresh evidence of the damage caused by exiting.

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