Labour pledges to ‘tear down’ barriers after new figures reveal Brexit costing UK business £37bn a year

Ministers have pledged to address trade barriers with the EU after Brexit cost UK businesses £37bn annually, with total trade 5% lower than pre-Brexit levels. Trade minister Douglas Alexander criticized the previous Conservative government’s Brexit deal, stating it is not working effectively. Labour is negotiating a reset of relations with the EU to benefit future generations by tearing down unnecessary trade barriers and improving the UK’s trade and investment relationship.

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