UK: Labour party supports staying in a customs union with the EU – Deutsche Bank

The UK opposition leader Corbyn has confirmed what had been well flagged namely that the Labour party’s supports staying in a customs union with the EU post Brexit and is calling for cross party support, notes the research team at Deutsche Bank.

Key Quotes

“This is contrary to the government’s position, which issued a statement later to indicate “the government will not be joining a customs union…we want to have the freedom to sign our trade deals”. Elsewhere, Mr Corbyn reiterated there was no need for a second referendum on Brexit but does want a meaningful vote in Parliament at the end of the Brexit negotiations. Looking ahead, the EU is expected to publish a draft Brexit treaty on Wednesday and PM May will outline her vision of Brexit this Friday.”