The Digester

Chancellor Rachel Reeves told The Times Brexit has damaged growth and pushed up prices and she urged closer regulatory alignment with the EU, including a youth mobility deal and ministerial powers to align UK law with EU rules.

Rachel Reeves told The Times Brexit has not been good for growth or prices and called for improved trading relations with the EU.
She backed a plan for ministers to use powers to align UK rules with EU law in areas such as food standards, animal welfare and pesticides.
Reeves said she wants an ambitious youth mobility scheme with the EU but that it will not be a return to free movement.
She cited meetings with large businesses saying Brexit raised costs and posed particular challenges for small firms.
Her remarks come as UK growth flatlined in January and oil prices rose above $100 a barrel, increasing cost of living pressures.
Reeves said recent fiscal choices have left the UK in a stronger economic and fiscal position to handle global shocks.

Reeves says Brexit harmed Britain and urges closer alignment with the EU

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