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We must leave the customs union, the worst aspect of EU membership

We must leave the customs union, the worst aspect of EU membership

time traveller from 2016 would be bemused by the current economic debate around Brexit.

Think back to the referendum. The Treasury published its controversial report laying out the “long-term economic impacts” of leaving. It saw three feasible scenarios: remaining in the single market (like Norway); a bilateral free-trade agreement (FTA, like Canada); or trading on World Trade Organisation terms. Economists for Brexit argued that the UK should unilaterally slash tariffs upon EU exit; Vote Leave talked up striking free-trade deals with non-EU countries. The single market was a major point of debate. But nobody (Leave or Remain) thought a customs union with the EU was a politically viable or…