Despite avoiding Brexits predicted economic disaster, Britain faces significant trade and living standard challenges post-Brexit. Labours Wes Streeting advocates for a deeper EU trading link, hinting at a customs union, despite party leader Keir Starmers rejection. The EU remains the top trading partner, with exports and imports accounting for 41% and 51% of total goods and services, respectively. Boris Johnsons trade deal offers tariff-free access but falls short of single market perks, leading to a decline in goods exports. Economists suggest the UK fared worse than other G7 nations. Labours manifesto rules out returning to the single market or customs union due to free movement fears. Instead, they aim to cut barriers through deals on veterinary checks, touring artists, and professional qualifications. A customs union could potentially boost the economy by 2.2% and bring in £25 billion annually, but it would require regulatory alignment and trade policy control.

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