Brexit: Economic Growth
The question
To ask the Secretary of State for Business and Trade, what recent assessment his Department has made of the potential impact of (a) leaving the EU single market and (b) ending free movement with the EU on economic growth; and if he will make an assessment of the potential merits of rejoining the EU single market.
Answered by Mr Douglas Alexander
We are resetting the relationship with our European friends to strengthen ties and tackle barriers to trade. But we’ve been clear that there will be no return to the single market.
Hearing from businesses about how they have been impacted by Brexit and how the relationship with the EU can be improved is key. In addition to formal channels such as the UK TCA Domestic Advisory Group and Civil Society Forum, my ministerial colleagues, officials and I have been engaging directly with businesses including through round table events with industry leaders.
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