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British trade minister says rejoining EU would not fix UK's issues

Published by Global Banking & Finance Review

Posted on June 3, 2026

2 min read

· Last updated: June 3, 2026

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British Trade Minister: Rejoining EU Won't Solve UK's Economic Issues

UK's Relationship with the European Union and Economic Challenges

By Alistair Smout

Trade Minister's Perspective on EU Membership

LONDON, June 3 (Reuters) - Rejoining the European Union would not "magically solve" Britain's issues, even if the country's long-term future lies with Europe, business and trade minister Peter Kyle will say on Wednesday.

Prime Minister's Stance and Political Context

Prime Minister Keir Starmer has pledged to improve trade ties with the country's biggest trading partner and criticised the economic damage caused by the original Brexit deal - but he has rejected any suggestion of rejoining the bloc.

Impact of Election Results and Leadership Debate

However, damaging local and regional election results have put his grip on power into question, and potential candidates to replace Starmer have pushed the issue back up the political agenda by talking about maybe rejoining the bloc in the future.

Statements from Peter Kyle

"I still believe Britain's future lies with Europe. But I also believe we must be honest about where we are," Kyle said in extracts of a speech he was due to give at an annual trade dinner.

He said he was frustrated that some during the campaign to leave the EU in the 2016 referendum had implied it would solve Britain's problems, but added that "equally, rejoining tomorrow would not magically solve them either."

"I worry that some are now making the equal (and) opposite mistake by suggesting the solution to all of our economic challenges, and a whole lot more, can be solved by rejoining."

Other Political Figures on Rejoining the EU

Wes Streeting, the former health minister who quit Starmer's government last month and is expected to contest any future leadership race, has advocated rejoining the EU "one day", though Greater Manchester mayor Andy Burnham, the favourite to succeed Starmer, has said he is not proposing to rejoin the EU.

(Reporting by Alistair Smout; editing by William James)

Key Takeaways

  • Peter Kyle asserts rejoining the EU wouldn’t “magically solve” UK’s issues, urging realism even as Europe remains central to the country’s future prospects.
  • Labour figures Wes Streeting and Andy Burnham revive the rejoin‑EU conversation: Streeting calls Brexit a “catastrophic mistake” and supports eventual re‑entry, Burnham sees long‑term case but avoids campaigning on it (investing.com).
  • Labour’s heavy losses in the May 7 local and regional elections—especially to Reform UK—have intensified pressure on Prime Minister Starmer’s leadership and thrust EU re‑entry into the spotlight (investing.com)

References

Frequently Asked Questions

Would rejoining the EU solve all of Britain's economic problems?
According to UK trade minister Peter Kyle, rejoining the EU would not magically solve Britain's economic challenges.
What is the UK government's position on rejoining the EU?
Prime Minister Keir Starmer has ruled out rejoining the EU, focusing instead on improving trade ties with Europe.
Does Peter Kyle see the UK's long-term future with Europe?
Yes, Peter Kyle believes Britain's long-term future is with Europe but cautions against viewing rejoining the EU as a quick fix.

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