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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

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