Labour pledges to leave EU Customs Union and Single Market after Brexit
Party says it will seek a better deal with the EU, but rules out rejoining
Move has been welcomed by businesses, but economists warn it could damage the economy
The Labour Party has pledged to leave the EU Customs Union and Single Market after Brexit, if it wins the next general election.
Sir Keir Starmer said he would seek a better deal with the EU, but ruled out rejoining either the Customs Union or Single Market.
The move has been welcomed by businesses, who say it will give them more flexibility to trade with other countries.
However, economists have warned that it could damage the economy by increasing tariffs and reducing trade.
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