A ‘£40BN’ TRAP | Why re-joining the Customs Union kills a trade deal with Trump

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A '£40BN’ TRAP | Why re-joining the Customs Union kills a trade deal with Trump

Jacob Rees-Mogg is joined by Fred De Fossard of the Prosperity Institute to dissect a damning new report on the true cost of re-joining the European Union’s trade orbit. While some politicians argue for a "reset" with Brussels, the data suggests a catastrophic price tag: a £40 billion hit to the UK economy in the first year alone.

In this deep dive, Jacob and Fred expose why the Customs Union isn’t about ‘free trade’, but about re-imposing thousands of tariffs, shredding new deals with Australia and New Zealand, and permanently tying Britain’s hands behind its back just as a new US administration takes office.

#europeanunion #trade #customs #brexit

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Date: February 26, 2026