IEA Conversations

Should Britain stay in the Customs Union?

February 7, 2018

The question of whether Britain should stay in the EU’s customs union has dominated the news cycle recently - with the CBI and other high profile voices suggesting that remaining in the Customs Union would be consistent with Britain’s vote to Leave the EU.

But would this be a political possibility? And would it be wise?

We're joined by Julian Jessop, the IEA’s Chief Economist and Head of the Brexit Unit, to give us update on these developments.

Julian explains what the Customs Union is, how it differs from the Single Market, and explores some of the pros and cons of staying in it. Finally, he looks at some of the alternative possibilities to our current arrangement.

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