Would the UK be better off in or out of a customs union?

Would the UK be better off in or out of a customs uniThe popularity of the Brexit option has forced a crash course in global trade policyon?

Along with ending free movement of people, it was the reddest of Theresa May’s red lines: post-Brexit Britain should be able to strike its own trade deals.

The prime minister contended that to respect the 2016 referendum result the UK must have “new opportunities to trade with the rest of the world” and, for the sake of these future trade deals, she ruled out Labour proposals for a permanent customs union with the EU.

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