Labour Shadow Chancellor Rachel Reeves has emphasized the importance of the European Union as “the biggest prize” as the party seeks closer ties with the bloc. Reeves’ comments come as Labour looks to strengthen its relationship with the EU following the UK’s departure from the union.
Speaking at an event in London, Reeves highlighted the economic benefits of closer ties with the EU, emphasizing the importance of maintaining strong trade relationships with our European neighbors. She stressed the need for cooperation on issues such as climate change, security, and the digital economy.
Reeves also pointed out that the EU is the UK’s largest trading partner, with around 50% of our trade being with EU countries. She argued that being part of the EU single market and customs union provides significant advantages for UK businesses, allowing them to trade more easily and access a larger market.
The Shadow Chancellor’s comments reflect a shift in Labour’s stance on the EU, with the party now advocating for closer ties with the bloc. This marks a departure from the party’s previous position, which was more skeptical of EU membership.
Labour’s new approach to the EU is seen as a response to the economic challenges posed by Brexit, as well as a recognition of the benefits of closer cooperation with our European partners. Reeves’ comments suggest that the party is committed to building a stronger relationship with the EU in the post-Brexit era.
Overall, Rachel Reeves’ remarks underscore the importance of the EU to the UK’s economy and the need for closer ties with the bloc. As Labour seeks to strengthen its relationship with the EU, the party is likely to face scrutiny and debate over its new approach to European integration.
