EU can’t hold us to customs union

BREXITEER Andrea Leadsom sent a stern warning to Brussels as she vowed the UK “cannot be held against its will” in a customs union arrangement with the EU.

Speaking to BBC Radio 5’s John Pienaar, the House of Commons leader claimed MPs would never support a scenario in which the UK could not decide to leave a post-Brexit customs union arrangement. The Tory Brexiteer argued that under no circumstance the UK should be held to a customs arrangement backstop – set up in the event the UK does not reach a full agreement on the future trading relationship with the EU by the end of 2020.

She said: “It cannot be a decision that can be overturned by the European Union, it must be capable for the United Kingdom to decide to leave that customs arrangement and it cannot be something the European Union can then hold us to.

Daily Express

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.