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UK Parliamentary Report: there is truth in the claim the UK could negotiate its own trade deals outside the EU
Some argue that membership of the EU allows the UK to benefit from better trade deals than it would be able to negotiate on its own.
On the other hand, EU membership entails some compromises and limits the UK’s ability to prioritise its own interests. Leaving the EU would allow the UK to set its own trade and investments policies but there could be costs in doing so on its own rather than as part of a group of countries.