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A new customs union with the EU is not the answer

The CBI’s suggestion that such an approach would help business is mistaken

By Aarti Shankar  

Photo: JOEL CARRETT/AAP/PA Images

The Confederation of British Industry (CBI), the UK’s largest business lobby, this week formally called for a comprehensive new UK-EU customs union post-Brexit. This would go a lot further than the government’s official position—to leave the EU Customs Union and either negotiate a customs facilitation agreement with the EU, or voluntarily mirror the EU’s customs approach. The CBI’s announcement not only demonstrates a striking gap between the business lobby and the government in this important area of UK trade strategy, it has also fuelled…

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