The Liberal Democrats advocate for a comprehensive trade deal with the EU, emphasizing its potential to generate £25 billion in tax revenues, which could counteract planned benefit cuts. Research from the Best for Britain campaign indicates that such a deal could increase GDP by 2.2% without reverting to the single market or customs union. The party is reaching out to Labour MPs to gain support, aligning with upcoming talks between Keir Starmer and Ursula von der Leyen for increased cooperation in various sectors.
The party is writing to all Labour MPs this week asking them to join forces in a push for a much more comprehensive deal with Brussels, arguing that this would help revive the public finances.
Calum Miller, the Lib Dem foreign affairs spokesperson, emphasized that a far more ambitious trade deal with Europe would be the single biggest thing ministers could do to boost growth and fix the public finances.
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