Trade and the single market

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Trade and the single market
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Faced with these trade-offs, Theresa May's government wants to prioritise sovereignty. The Government hopes to end free movement of labour and to remove the UK from the jurisdiction of the ECJ. Consequently, Prime Minister May announced in January 2017 that the UK would leave both the Single Market and the Customs Union, and would seek a new free trade agreement with the EU. The Government also signalled it was willing to leave without a deal if a sufficiently attractive agreement could not be reached. This approach was driven primarily by the prime minister's need to secure support from voters who backed Brexit to take back control from the EU. However, the Conservatives' failure to win a majority of seats in the general election means the Government is now under pressure to appeal to a broader coalition of voters by developing a Brexit plan that is less harmful to the economy.

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