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UK minister calls EU rejoining 'inevitability'

Created at 1 Jun · 7:11 PM8 sources↑ Market-relevant4 events
IN SHORT

UK Treasury Minister Lord Livermore stated in Parliament that he believes Britain rejoining the European Union is an 'inevitability'. He is the first serving minister to publicly endorse overturning the 2016 referendum vote to leave the EU, estimating Brexit has caused a 6%-8% loss in GDP.

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Key Numbers

6%-8%GDP loss attributed to Brexit

Who's Involved

Lord Livermore
UK Treasury Minister
UK minister calls EU rejoining 'inevitability'

↳ Why This Matters

This statement from a UK Treasury Minister suggests a potential shift in future UK-EU relations, indicating that rejoining the EU might be considered a likely outcome by some within the government. Such a development could have significant economic and political implications for both the UK and the EU.

Key facts

  • UK Treasury Minister Lord Livermore stated Britain rejoining the EU is an inevitability.
  • Lord Livermore is the first serving minister to publicly endorse overturning the 2016 referendum vote to leave the European Union.
  • He believes Brexit has caused the UK to lose between 6% and 8% of its GDP.

This statement from a UK Treasury Minister suggests a potential shift in future UK-EU relations, indicating that rejoining the EU might be considered a likely outcome by some within the government. Such a development could have significant economic and political implications for both the UK and the EU.

Frequently asked questions

Lord Livermore is a Treasury Minister in the UK government.

He stated that he thought it an 'inevitability' that Britain would rejoin the EU.

The statement implies that Labour's current actions are based on the assumption of rejoining the EU.

He stated that Brexit has caused the nation the loss of between 6% and 8% of GDP.

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Cadence

How It Developed

1 Jun · 10:52 PM
Britain rejoining the EU in future is 'an inevitability', says minister
The Independent | News via PiQSuite
1 Jun · 7:04 PM
Treasury Minister Lord Livermore stated that Britain rejoining the EU is an inevitability.
@DavidGHFrost via PiQSuite

Sources

T1
Treasury Minister Lord Livermore told us today (replying to @cmackinlay) that he thought it an "inevitability" that Britain would rejoin the EU. In other words, Labour won't stop now. Everything they do is based on the assumption of rejoining. One thing will lead to another. https://t.co/Vx1jST7NM6@DavidGHFrost via PiQSuite
T1
RT @DavidGHFrost: Treasury Minister Lord Livermore told us today (replying to @cmackinlay) that he thought it an "inevitability" that Brita…@DavidGHFrost via PiQSuite
T1
Britain re-entering the EU in future is 'an inevitability', says ministerm.piqsuite.com
T1
Britain rejoining the EU in future is 'an inevitability', says ministerm.piqsuite.com
T1
Britain re-entering the EU is 'an inevitability', treasury minister saysm.piqsuite.com
T1
Treasury Minister Lord Livermore said yesterday in Parliament he thought it an "inevitability" that Britain would rejoin the EU. We always knew it was what Labour ministers thought. But to say it on the record in Parliament shows a new degree of confidence about the direction https://t.co/DwUEJU33TY@DavidGHFrost via PiQSuite
T1
Britain re-entering the EU 'an inevitability', says Treasury ministerm.piqsuite.com
T1
RT @DavidGHFrost: Treasury Minister Lord Livermore said yesterday in Parliament he thought it an "inevitability" that Britain would rejoin…@SteveBakerFRSA via PiQSuite

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