Another set-back for the Brexit wing of Government.
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Cabinet ministers have been given detailed warnings that the UK pulling out of the EU customs union could lead to a 4.5% fall in GDP by 2030 and the clogging up of trade through Britain’s ports.
The predictions were contained in a paper circulated at a meeting of Theresa May’s special Brexit cabinet committee, which concluded that ministers were not yet prepared to decide whether the UK should withdraw from the EU’s free trade bloc....
May is under significant pressure from her own party to deliver Brexit following the vote last June, with many leave campaigners wanting to see a hard break with the EU in which the UK would leave both the customs union and single market.
But she is also being challenged by backbenchers who want an open relationship with the EU including Nick Herbert who told the Guardian that the 37% figure obtained by the Guardian underlined the “painful economic cost if we allow ideology to dictate the terms”.
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https://www.theguardian.com/politics...-customs-union