Category Archives: Confederation of British Industry (CBI)

Labour alliance piles pressure on Corbyn over Brexit stance

Senior Labour figures urge EU single market rethink as party leader prepares to set out new strategy

Labour’s divisions over Brexit are exposed today as an alliance of more than 80 senior figures from across the party warn Jeremy Corbyn that he will be unable to fund his promised investment in schools, hospitals and social care unless the UK stays in the EU single market.

In a statement issued exclusively to the Observer on the eve of a keynote Brexit speech by Corbyn, the group of MPs, MEPs, council leaders, peers and trade unionists say the pursuit of social justice and a leftwing anti-austerity agenda depends on avoiding the “multibillion-pound hit to the public finances that leaving the single market would entail”.

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Source: gad