Rachel Reeves emphasized the need for a 'deeper, more mature' relationship between the UK and the EU during her address, focusing on trust and mutual respect as foundational elements.
Despite the UK's red lines on single market and customs union, Reeves conveyed the increasing determination among Labour to lower trade barriers with the EU for economic growth.
Mujtaba Rahman noted that the Treasury acknowledges smoother trade with the EU as a vital strategy for enhancing the UK's economic growth over the medium term.
Stella Creasy highlighted the risks involved in not clearly communicating the UK's objectives to the EU, potentially leading to missed opportunities in negotiations.
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