UK Chancellor Reeves considers joining PEM Convention to boost trade, sparking Brexit debate.

UK Chancellor Rachel Reeves has indicated willingness to consider joining the Pan-Euro-Mediterranean Convention (PEM), a trade pact allowing tariff-free trade across Europe and parts of North Africa. Though Labour rules out rejoining the EU’s customs union or single market, Reeves stated the party is open to proposals that improve the current deal with the EU. This proposal has sparked debate, with critics suggesting it could undermine Brexit. Reeves emphasized the need for improvements to benefit UK businesses.