Hard Brexit would damage 'almost every sector' of UK economy - News Summed Up

Hard Brexit would damage 'almost every sector' of UK economy


Leaving the single market would be damaging to almost every sector of the British economy from manufacturing and energy to retail and financial services, according to a new report commissioned by an alliance of Tory, Labour and Liberal Democrat politicians trying to stop a hard Brexit. Bank of England prepares to protect City firms from hard Brexit Read moreThe report examines the consequences of leaving the single market in favour of a free trade agreement struck on a bespoke basis for individual industries. For the first time since the referendum, MPs from across the parties – Tory Anna Soubry, Chuka Umunna of Labour and Nick Clegg from the Liberal Democrats – will appear together at an Open Britain event, pushing for continued membership of the single market. She said the priority in negotiating a Brexit deal should be the economy, but appeared to also support greater controls on immigration, saying: “Now, do I think that too many people at the moment come into this country? I think that yes, I think they do.”


Source: The Guardian November 28, 2016 00:01 UTC



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