The opposition Labour Party says it would keep Britain in the European single market and customs union for a transitional period after Brexit, offering a clear alternative to the policies of British Prime Minister Theresa May. Labour wanted to avoid a damaging “cliff edge” for the economy from an abrupt separation in less than two years. It would also aim to keep a form of customs union with the EU, and would possibly agree a new relationship with the single market, subject to negotiations, Starmer added in the Observer newspaper. Senior ministers in May’s Conservative government have ruled out remaining in the single market and customs union during any transitional phase following Brexit. “That is why a transitional period under Labour will be as short as possible, but as long as necessary,” he added.

Source: Dhaka Tribune August 27, 2017 20:03 UTC