Maros Sefcovic, the EU's trade commissioner, has said Brussels could let the UK into the Pan Euro Mediterranean Convention, which makes it easier for members to trade

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Rachel Reeves has been accused of plotting to return Britain to the EU by the back door with a European customs deal. The Chancellor indicated the Government would consider the prospect of signing up to the Pan-Euro-Mediterranean Convention (PEM), a tariff-free trading scheme, and said she was “absolutely happy” to be considering it.

Rachel Reeves has said the UK is “absolutely happy” to look at joining a tariff-free trading scheme with Europe after the EU left the door open to British membership...

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Brussels has indicated that the UK would be welcome to sign up to a Europe-wide trading scheme that simplifies tariffs

Jonathan Reynolds' meeting with EU trade commissioner Maros Sefcovic in Davos came after the trade commissioner suggested Britain could join the Pan-Euro-Mediterranean Convention, which allows for tar

The EU's trade commissioner has said Brussels "could consider" allowing the UK into the Pan Euro Mediterranean Convention which makes it easier for members to trade with each other.

The Chancellor has said the UK is “absolutely happy” to consider joining a trading scheme with Europe. Rachel Reeves suggested Labour would consider the prospect of signing up to the Pan-Euro-Mediterranean Convention (PEM), as it would any "constructive ideas" consistent with its "red lines" about not returning to the EU.