UK pushes for single market shake-up

Europe needs a new strategy if it is to tackle the fresh challenges facing its quest for a truly single market, according to a new report by the UK government in response to a slowdown in progress. The European Union needs to rethink its traditional approach and consider replacing its legislation and harmonisation of rules with “a new, modern and more flexible approach…a much more outward-looking, global perspective”. According to the paper: “In an era of such dramatic global change, the Single Market will never be ‘complete’ – boundaries will be continually redrawn, new challenges will emerge and we need an approach that is as flexible as the global markets in which we operate”.