Warning: Living standards will not improve if Britain follows EU rules, ex-Brexit adviser cautions

Labour's Plan and Concerns

Labour's plans to align with EU standards could severely constrain the UK's ability to cut costs for families, trade consultant Shanker Singham warns.

Stark Intervention

Shanker Singham warns that following EU rules could harm the UK's position in trade blocs such as the CPTPP.

Government's Mission

Mr. Singham stresses the importance for the new Government to increase household income and decrease household costs, cautioning that the success will depend on this.

EU Rules Impact

Dynamic alignment with EU rules could make it difficult for the UK to strike deals with the US and remain a member of the CPTPP, according to Mr. Singham.

Alternative Approach

Mr. Singham suggests unilaterally recognizing EU standards in certain areas while allowing manufacturers to create different products for export, as a better move.

Labour's Stance

Labour maintains that their bid to reset ties with the EU will not lead to rejoining the European Union.