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Courtesy of the Times.
Britain faces restrictions on post-Brexit trade and draconian measures to enforce free-market policies because the European Union fears a future Jeremy Corbyn government. Senior European officials have told The Times that concerns over Labour’s economic policies are the main reason for the EU’s insistence on a tough “level playing field mechanism” in a future deal after Britain leaves.
The revelation came as the dispute intensified in senior Tory ranks over the customs arrangement between Britain and the EU after Brexit. Jacob Rees-Mogg accused Greg Clark, the pro-EU business and energy secretary, of promoting “Project Fear” by saying that thousands of jobs were at risk if Britain did not minimise friction in trade. Mr Clark advocated the customs partnership preferred by Theresa May but which is fiercely opposed by Mr Rees-Mogg as well as Leavers in her cabinet.
EU negotiators are highlighting post-Brexit concerns about lower social and environment standards “because it is better public relations”, but European governments are more worried about the prospect of state subsidies and a return to public ownership in key services should Mr Corbyn become prime minister.
“The idea that Conservatives would legislate a race to the bottom is a myth and no one really believes it, even if some Tories have helped create it. The real fear is state subsidies under a Jeremy Corbyn government,” a senior Brussels source involved in Brexit negotiations said. “British policy has remained unchanged for generations but now there is a real chance of a left-wing government reversing it. We have to protect ourselves and the single market.”
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