Rachel Reeves, a prominent figure in the Labour Party, has expressed confidence that the party can win the political debate for a stronger relationship with the European Union. She labels this closer alignment as the 'biggest prize' for the UK's economic growth, emphasizing the importance of geographical proximity in trade relations. While some Labour strategists are cautious about alienating pro-Brexit voters with such a stance, Reeves insists that appealing for closer ties with the EU is a political argument that can garner wider support.

In her statements, she highlighted the recent decision to rejoin the Erasmus student exchange program as a positive step, calling it one of the most popular initiatives undertaken since the Brexit referendum. Reeves underscored the significance of trade with the EU, pointing out that nearly half of the UK's trade is conducted with countries in the bloc. She acknowledged the desire to establish trade agreements with other nations such as India, the US, and South Korea but maintained that these deals would not be as impactful as enhancing trade relations with Europe.

By spotlighting the reality of economic interdependence with the EU, Reeves frames the debate around the need for Labour to champion a more favorable relationship beyond Brexit. Her comments reflect a broader recognition within the party that addressing economic concerns through EU alignment may resonate with voters, thereby influencing Labour's electoral strategy moving forward.