{"id":118244,"date":"2019-04-10T08:31:10","date_gmt":"2019-04-10T08:31:10","guid":{"rendered":"https:\/\/www.bnreport.com\/liam-fox-a-post-brexit-customs-union-would-be-worst-of-all-worlds\/"},"modified":"2019-04-10T08:31:10","modified_gmt":"2019-04-10T08:31:10","slug":"liam-fox-a-post-brexit-customs-union-would-be-worst-of-all-worlds","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/liam-fox-a-post-brexit-customs-union-would-be-worst-of-all-worlds\/","title":{"rendered":"Liam Fox: A post-Brexit customs union would be &#8216;worst of all worlds&#8217;"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.cityam.com\/assets\/uploads\/main-image\/full_width_article_body_image\/officials-come-and-go-from-10-downing-street-as-brexit-talks-are-deadlocked-1129875329-5cac8c64d2f47.jpg\"\/><\/p>\n<p>Signing up to a customs union post-Brexit would be &quot;the worst of all worlds&quot; and would stop Britain forming its own independent trade policy, Liam Fox has warned.<\/p>\n<p>In a letter to Sir Graham Brady, the chair of the backbench 1922 committee, the trade secretary said entering into a customs union with the EU would mean the UK would be subject to the rules of the bloc without representation.<\/p>\n<p>&quot;A customs union \u2013 where the UK was obliged to implement the common customs tariff \u2013 would allow the EU to negotiate access to UK markets as part of EU trade policy, irrespective of the interests or wishes of the UK,&quot; he wrote.<\/p>\n<p>&quot;It will be able to offer full access to the world&#039;s fifth biggest market as part of any EU offer, without the need to balance this access by negotiating on key UK offensive interests.&quot;<\/p>\n<p>He added:&quot; We would ourselves be traded. As the famous saying in Brussels goes, if you are not at the table, you are on the menu.&quot;<\/p>\n<p>Fox said the Labour party \u2013 which is pushing for a customs union compromise with the Prime Minister in cross-party talks \u2013 did not &quot;seem to understand&quot; the pitfalls described in his letter.<\/p>\n<p>Fox&#039;s concerns over the customs union are shared by a number of Brexit cabinet ministers, including international development secretary Penny Mord<a href=\"http:\/\/www.cityam.com\/275997\/signing-up-customs-union-post-brexit-would-worst-all-words\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/loopup.com\/app\/uploads\/2016\/08\/cityam-logo.jpeg\"\/><\/p>\n<h5><a href=\"http:\/\/www.cityam.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">CityAM<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signing up to a customs union post-Brexit would be &#8220;the worst of all worlds&#8221; and would stop Britain ..<\/p>\n","protected":false},"author":1,"featured_media":118245,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-118244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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