- Rachel Reeves has stated in an interview with The Times that Brexit has negatively impacted Britain's economy, growth, and prices.
- The Chancellor advocates for closer economic ties with the European Union, describing it as the "biggest prize" for the UK.
- Reeves is expected to outline her vision for improved trading relations and alignment with EU law in specific areas, such as food standards, in her upcoming Mais lecture.
- She also proposes an "ambitious" youth mobility scheme with the EU, clarifying it would not signify a return to free movement.
- These remarks come amid flatlining UK economic growth and global turbulence, with Reeves asserting that her past economic decisions have strengthened the UK's fiscal position.
IN FULL
Brexit has not been good for Britain, says Reeves as she calls for closer EU alignment