In a speech last week to business and political leaders at the World Economic Forum in Davos, Labour leader Sir Keir Starmer stated his desire to strengthen Britain’s relationship with the European Union.
He said that the UK may draw foreign investment after Brexit by developing tighter trade connections without leaving the customs union or the single market.
According to Sir Keir, the Tory government has resulted in “13 years of failure to grow the economy” which has been “made even harder” by Brexit.
“That’s why we have been making a case for a closer economic relationship with the EU,” he said.
He said that a Labour administration could secure better terms with the EU for veterinary standards, universities, science, technology, and research.
However, he will have to get over the EU’s opposition to letting other nations “cherry-pick” portions of the bloc’s single market.
In an interview with iNews, Professor Anand Menon, Director of UK in a Changing Europe, expressed concern that future negotiations with the EU would prove more difficult.
“There are all sorts of potentials for conflict due to the simple fact that we’re out.”
“The more we diverge from the European Union in regulatory terms”, he said, “which means the EU keep regulating and we don’t keep up. So I think Labour is probably underestimating how difficult it will be. I think a lot of observers are exaggerating the degree to which there are quick gains to be had.”