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A new customs union with the EU is not the answer

The CBI’s suggestion that such an approach would help business is mistaken

By Aarti Shankar  


The Confederation of British Industry (CBI), the UK’s largest business lobby, this week formally called for a comprehensive new UK-EU customs union post-Brexit. This would go a lot further than the government’s official position—to leave the EU Customs Union and either negotiate a customs facilitation agreement with the EU, or voluntarily mirror the EU’s customs approach. The CBI’s announcement not only demonstrates a striking gap between the business lobby and the government in this important area of UK trade strategy, it has also fuelled speculation…

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