EU Deal Would Give Reeves £10 Billion and Cut Risk of Tax Hikes

An improved trade deal with the European Union would hand UK Chancellor Rachel Reeves £10 billion ($13.3 billion) in the Autumn Budget and limit the need for further tax increases, according to economists.

Next week’s summit between the UK and the EU is expected to clear the way for closer harmonization of food standards and an agreement for the UK to rejoin the European emissions trading scheme. The bigger, longer-term goal is a deal that would require closer regulatory alignment on goods.