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URLhttps://www.thelondoneconomic.com/politics/rachel-reeves-brexit-eu-alignment-uk-economy-404034/
Last Crawled2026-04-15 06:01:19 (2 days ago)
First Indexed2026-03-14 11:18:58 (1 month ago)
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Meta TitleRachel Reeves admits Brexit 'has not been good for UK' - and targets closer EU alignment
Meta DescriptionAlmost a decade on from the Brexit referendum, politicians in power have finally found the courage to state the bloody obvious...
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Though she’s had a turbulent time since taking office almost two years ago, Rachel Reeves has weathered a few storms to remain as Chancellor. And with the war in Iran (literally) fuelling another financial crisis, Labour’s occupant in 11 Downing Street will need to pull a rabbit out of the hat. ALSO READ: As Farage whines about YouGov, support for Reform falls in FIVE other polls That may explain why she is now, rather candidly, turning her attention towards Brexit. In an interview with The Times this weekend, Reeves starkly criticised the decision to leave the EU 10 years ago, saying that it has had a negative effect on growth and supermarket pricing. The MP for Leeds West and Pudsey did, however, close the door on a potential ā€˜second referendum’, arguing that ā€˜the ship has already sailed’. Despite shutting this avenue down, Reeves insisted that there was still ā€˜an awful lot more’ the UK could do to improve trade with the EU. A proposed ā€˜reset’ between the UK and the trading bloc has yielded something in the way of progress, with relations thawing since Labour’s election victory in 2024, and the reinstatement of the Erasmus programme for British students. But come critics have asked the government to go further. ALSO READ: Keir Starmer vows to ā€˜close door on Putin’ with GB Energy ā€˜We should absolutely align’ – Chancellor on UK-EU relations They may soon get their wish. Rachel Reeves is set to deliver a speech to London’s top business brass next week, outlining her desire to work closer with the European Union, and align the domestic economy closer with the single market. It may have taken a decade, but the penny appears to have finally dropped… ā€œBrexit has not been good for our country, for growth, for prices in the shop. It’s almost ten years since we voted Leave. That ship has sailed but there’s a lot we can do to improve our trading relations. Where that requires alignment in our national interest, we should absolutely align.ā€ | Rachel Reeves
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And with the war in Iran (literally) fuelling another financial crisis, Labour’s occupant in 11 Downing Street will need to pull a rabbit out of the hat. **ALSO READ: [As Farage whines about YouGov, support for Reform falls in FIVE other polls](https://www.thelondoneconomic.com/politics/nigel-farage-yougov-polling-reform-support-fall-404005/)** ## **Rachel Reeves says Brexit ā€˜has not been good for the UK’** That may explain why she is now, rather candidly, turning her attention towards Brexit. In an interview with [The Times](https://www.thetimes.com/uk/politics/article/rachel-reeves-bailout-poorer-households-iran-war-energy-bills-brqlt5qv0) this weekend, Reeves starkly criticised the decision to leave the EU 10 years ago, saying that it has had a negative effect on growth and supermarket pricing. The MP for Leeds West and Pudsey did, however, close the door on a potential ā€˜second referendum’, arguing that ā€˜the ship has already sailed’. Despite shutting this avenue down, Reeves insisted that there was still ā€˜an awful lot more’ the UK could do to improve trade with the EU. A proposed ā€˜reset’ between the UK and the trading bloc has yielded something in the way of progress, with relations thawing since Labour’s election victory in 2024, and the reinstatement of the Erasmus programme for British students. But come critics have asked the government to go further. **ALSO READ: [Keir Starmer vows to ā€˜close door on Putin’ with GB Energy](https://www.thelondoneconomic.com/politics/keir-starmer-vows-to-close-door-on-putin-with-gb-energy-376160/)** ## **ā€˜We should absolutely align’ – Chancellor on UK-EU relations** They may soon get their wish. Rachel Reeves is set to deliver a speech to London’s top business brass next week, outlining her desire to work closer with the European Union, and align the domestic economy closer with the single market. It may have taken a decade, but the penny appears to have finally dropped… *ā€œBrexit has not been good for our country, for growth, for prices in the shop. It’s almost ten years since we voted Leave. That ship has sailed but there’s a lot we can do to improve our trading relations. Where that requires alignment in our national interest, we should absolutely align.ā€* **\| Rachel Reeves** ### Related**Posts** ### [Keir Starmer tears Kemi Badenoch apart on clean energy](https://www.thelondoneconomic.com/politics/keir-starmer-tears-kemi-badenoch-apart-on-clean-energy-405052/) ### [Green surge continues as party overtake Labour in latest polling](https://www.thelondoneconomic.com/politics/green-surge-continues-as-party-overtake-labour-in-latest-polling-405040/) ### [JD Vance says the quiet part out loud as US begins Hormuz blockade](https://www.thelondoneconomic.com/politics/jd-vance-donald-trump-economic-terrorism-iran-us-blockade-405037/) ### [Mark Carney takes swipe at Trump’s America with brilliant whiskey jibe](https://www.thelondoneconomic.com/politics/mark-carney-takes-swipe-at-trumps-america-with-brilliant-whiskey-jibe-404995/) Tags: [rachel reeves](https://www.thelondoneconomic.com/tag/rachel-reeves/) ### Subscribe **to our Newsletter** ### About Us TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle. 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![](https://www.thelondoneconomic.com/uploads/2024/12/Rachel-Reeves-EU.jpg?height=521&width=750&cropped) Though she’s had a turbulent time since taking office almost two years ago, Rachel Reeves has weathered a few storms to remain as Chancellor. And with the war in Iran (literally) fuelling another financial crisis, Labour’s occupant in 11 Downing Street will need to pull a rabbit out of the hat. **ALSO READ: [As Farage whines about YouGov, support for Reform falls in FIVE other polls](https://www.thelondoneconomic.com/politics/nigel-farage-yougov-polling-reform-support-fall-404005/)** That may explain why she is now, rather candidly, turning her attention towards Brexit. In an interview with [The Times](https://www.thetimes.com/uk/politics/article/rachel-reeves-bailout-poorer-households-iran-war-energy-bills-brqlt5qv0) this weekend, Reeves starkly criticised the decision to leave the EU 10 years ago, saying that it has had a negative effect on growth and supermarket pricing. The MP for Leeds West and Pudsey did, however, close the door on a potential ā€˜second referendum’, arguing that ā€˜the ship has already sailed’. Despite shutting this avenue down, Reeves insisted that there was still ā€˜an awful lot more’ the UK could do to improve trade with the EU. A proposed ā€˜reset’ between the UK and the trading bloc has yielded something in the way of progress, with relations thawing since Labour’s election victory in 2024, and the reinstatement of the Erasmus programme for British students. But come critics have asked the government to go further. **ALSO READ: [Keir Starmer vows to ā€˜close door on Putin’ with GB Energy](https://www.thelondoneconomic.com/politics/keir-starmer-vows-to-close-door-on-putin-with-gb-energy-376160/)** ## **ā€˜We should absolutely align’ – Chancellor on UK-EU relations** They may soon get their wish. Rachel Reeves is set to deliver a speech to London’s top business brass next week, outlining her desire to work closer with the European Union, and align the domestic economy closer with the single market. It may have taken a decade, but the penny appears to have finally dropped… *ā€œBrexit has not been good for our country, for growth, for prices in the shop. It’s almost ten years since we voted Leave. That ship has sailed but there’s a lot we can do to improve our trading relations. Where that requires alignment in our national interest, we should absolutely align.ā€* **\| Rachel Reeves**
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