24 Reasons to Remain
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21) Single Market<br />
The SM is an economic area where barriers <strong>to</strong> trade between<br />
members are removed - stimulating competition, improving<br />
efficiency, cutting process, and raising quality through common<br />
regula<strong>to</strong>ry & technical standards. The EU single market is<br />
an enhanced ‘free trade area’ because it extends a single freedom<br />
(on goods) <strong>to</strong> ‘four freedoms’: free movement of goods,<br />
services, capital and people. The UK government is currently<br />
seeking (as of July 2018) <strong>to</strong> retain access for goods alone.<br />
“The single market removes non-tariff barriers <strong>to</strong> trade, such as<br />
differing (product, packaging, labelling & safety) specification... so<br />
there is no need <strong>to</strong> check the conformity of imports at the border.”<br />
(Source: House of Commons Briefing, Brexit: trade aspects, 9 Oct 2017)<br />
“The three sec<strong>to</strong>rs most reliant on the EU market for their inputs are<br />
manufacturing at 20% of bought-in costs, health services at 23%<br />
(mostly the NHS), social care at 12%, and accommodation & food<br />
services at 15%” (Source: House of Commons Briefing, 1 Aug 2017). It is for this