We believe the UK must seek to negotiate the trading arrangement with the EU which minimises the economic cost of leaving, and that means remaining a member of the Single Market.
In independent analyses of the economic consequences of Britain leaving the EU Single Market membership has been shown to be the trading arrangement that is the least damaging and which offers the greatest opportunities for trade, investment, jobs and growth.
But the Single Market is about much more than just freeing up trade and investment. It sets common standards in labour market rights, health and safety regulations and consumer and environmental protections, ensuring there are no competitive advantages in adopting lower standards in a race to the bottom. Its importance is underlined by the commitments in the 2015 Conservative, Labour and Liberal Democrat manifestos to the UK remaining within it.
Single Market membership must, therefore, be fought for.