Chris Leslie Profile picture
Feb 22, 2018 12 tweets 4 min read Twitter logo Read on Twitter
Preventing a Brexit disaster - and the austerity this entails - requires more than the #CustomsUnion alone. So here’s a few reasons why Labour’s frontbench must, as a minimum, now also back the #SingleMarket (other than for the famous ‘four freedoms’):
Yes a Customs Union is needed. It helps 20% of our economy. For the other 80% (and growing!) of our economy, which is in ‘services’, we need the Single Market. The right to export UK service expertise is vital.
With 11% of our tax revenues coming from the UK financial services sector (£66bn), we need the Single Market so it can trade on the same basis as financial firms from the other 27 countries. We can’t pay for our NHS, schools, welfare support without this revenue.
Single Market is needed for trade in goods too. For instance, medicines produced in UK can be sold across continent without need for recertification in each country. That’s the Single Market. Many ‘goods’ have ‘services’ aspects that require more than the Customs Union alone.
Car manufacturers need both Customs Union & Single Market. Car industry reps SMMT: “By not being part of common automotive regulatory framework there is longer-term risk of increasing burdens from non-tariff barriers where regulatory regimes may diverge & create additional costs”
The Single Market protects you as a consumer, ensuring that customers have safe products from wherever they're sourced in Europe, can access info, have rights of redress & where problems arise there can be cross-border enforcement.Consumer rights at risk if we leave #SingleMarket
Don’t ignore the importance of the mutual recognition of professional qualifications between EU countries. If you’re qualified to trade in the UK, you’re qualified across the whole of Europe. We risk losing this outside #SingleMarket
The #SingleMarket freedom to establish a company in another EU country is crucial for UK innovators, service providers and businesses. The Government have no plan at all to secure the cooperation agreements we have (via the EU) to allow UK firms to trade in the other 27 countries
Employment rights flow from the right to be ‘established’ and participate in economic life on a stable and continuous basis. Our involvement in the Single Market stops a Conservative government undercutting EU employment rights. Vital protections! #WorkersRights
The freedom to provide & receive services in another European country (other than where a company or consumer is established) underpins our place in 21st century free trade. The evolving ‘digital single market’ is a potential game-changer for UK tech innovators = 500m customers!
If we want to preserve the Good Friday Agreement and avoid a hard border between Republic & Northern Ireland, we need the Single Market’s full regulatory
alignment. Otherwise checks, inspections, limited border crossings, ie, no free
There’s no mandate for PM’s ‘red line’ on Single Market. As Tory MEP @DanielJHannan said himself before the referendum: “Absolutely nobody is talking about threatening our place in the single market”. Commons can override the PM. Let’s support #SingleMarket @laboursinglemkt

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More from @ChrisLeslieUK

Mar 4, 2018
The PM told #Marr the Canada trade deal (CETA) & draft US deal gave some hope that UK financial services access could be similar to existing ‘passporting’ rights with EU because “financial services are referenced” in those texts. But those ‘references’ are pretty derisory…
The EU-Canadian deal does not allow financial services firms to ‘do business’ or ‘solicit’ in each other’s territories without licence (Article 13.7.6). There just aren’t the automatic rights to establish business activities that UK currently has across Europe via #Single Market
Trump administration will not allow UK financial services access to American markets because any trade deal done at federal level won’t override local state-by-state licencing, insurance regs, banking licence conditions etc. So UK firms won’t be able to trade freely in the States
Read 5 tweets
Jan 29, 2018
If Britain’s leaving the EU, we’ve surely GOT TO know what the replacement trade deal looks like - so we know where we’re heading? Trouble is, this Government’s ‘implementation’ phase is woeful. Putting a plank on the cliff edge doesn’t make the fall easier. #transition #Brexit
Britain really should settle the new trading partnership before ‘exit day’, because leaving without any guarantees expands uncertainty for business & undermines economy. Why are Ministers sanguine about allowing just 6 months to negotiate future relationship? #transition #Brexit
Some hard Brexiteers actively want to dive off the cliff into ‘no deal’. But to see others only now realise that exit in March 2019 inevitably means the UK will be a rule-taker subject to existing EU rules reinforces how little they thought this process through before referendum
Read 6 tweets

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