Osborne Calls for UK Reentry into EU Customs Union

Former UK Chancellor George Osborne has called for the country to rejoin the European Union's customs union, citing its potential to boost trade and aid economic recovery.

Osborne, who resigned as Chancellor after the Brexit referendum, stated that Britain's economy had 'fallen off a cliff' since leaving the EU. He attributed this decline to the loss of access to the customs union, which he believes would be easier to rejoin than other aspects of EU membership.

In an interview with The Independent, Osborne emphasized the importance of rebuilding links with Europe and acknowledged that rejoining the customs union could have a significant impact on the economy. He also criticized the Brexit campaign's promises of securing new trade deals, particularly with America, as 'fanciful'.