Rachel Reeves has set out plans for the UK to align more closely with European Union rules.
The Chancellor said deviating from the regulations set in Brussels should be “the exception, not the norm”.
She acknowledged she would have to win the political argument, with Brexit supporters viewing the ability to diverge from Brussels as one of the key benefits of the UK’s exit from the EU.
The Chancellor said: “There are areas in which regulatory autonomy may be necessary for sectors with unique characteristics or strategic importance for the UK, but that should be the exception, not the norm.
“To get this right, we must work more closely with businesses, both here and across Europe, but when the economic gains exceed the costs, the trade-off is worth making.”
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Credit to : Manchester Evening News