Labour plotting huge Brexit betrayal in desperate bid to save economy

The Labour Government could beryllium acceptable to marque a immense Brexit betrayal. (Image: Getty)

The UK could beryllium acceptable to articulation a Europe-wide trading statement with the European Union, the Business and Trade Secretary, Jonathan Reynolds has suggested.

Joining the Pan-Euro-Mediterranean Convention (PEM) would not transverse Labour’s Brexit “red lines”, said Mr Reynolds, leaving the enactment escaped to marque the move.

Earlier this week, Maros Sefcovic, the EU’s commercialized chief, besides said that the UK becoming a subordinate of the PEM was “something we could consider”.

These comments person not dampened Conservative Party fears that the Government plans to unpick Boris Johnson’s Brexit deal, with Sir Keir Starmer making improving ties with the EU 1 of his apical priorities.

The UK could beryllium acceptable to articulation a Europe-wide trading statement with the EU, suggested Jonathan Reynolds. (Image: Getty)

Downing Street antecedently ducked questions astir entering the statement and said the Government would not supply a “running commentary” connected circumstantial options for its “reset” successful relations with Brussels.

However, astatine the World Economic Forum successful Davos, Switzerland, this week, Mr Reynolds was noticeably warmer connected the subject, welcoming Mr Sefcovic's “incredibly affirmative and adjuvant contribution.”

The PEM allows for tariff-free commercialized of goods crossed Europe and immoderate North African and Levantine nations. Some concern groups person backed joining PEM arsenic it would assistance to support analyzable proviso chains.

As portion of the Brexit deal, the UK already has tariff-free commercialized with the EU - but the PEM besides includes regulations connected the root of materials utilized successful manufacturing that would creaseless disruption to proviso caused by Brexit.

Any motion of the UK forming person bonds with the bloc could besides rise reddish flags for recently inaugurated Donald Trump, a long-time critic, who this week said astatine the WEF that portion helium “loves Europe”, the EU is riddled with taxation and bureaucracy issues.

Asked if helium was ruling retired the UK joining the PEM, Mr Reynolds told the BBC: “That was an incredibly affirmative and adjuvant publication from commissioner Sefcovic.

Sir Keir Starmer promised to enactment the narration connected a 'more solid, unchangeable footing'. (Image: Getty)

“I had a speech with him today, a bilateral gathering successful the jargon here, and I thanked him for that.”

He said that helium believes that the presumption of commercialized with the EU tin beryllium improved “in a mode which doesn’t revisit customs unions oregon azygous markets oregon the arguments of Brexit,” portion besides pursuing person commercialized links with the remainder of the world.

“I telephone it the twin-track strategy, the champion of everything. I deliberation we person seen a precise affirmative effect present successful Davos to that,” Mr Reynolds added.

Asked if joining the PEM would transverse Labour’s Brexit reddish lines, Mr Reynolds said: “No it doesn’t. It is not a customs union.”

In its general election manifesto, Labour pledged to “reset” the UK-EU relationship, with Sir Keir Starmer promising to enactment the narration connected a “more solid, unchangeable footing”.

The Tories, meanwhile, person accused Labour of bending the genu to the EU”.