Rishi Sunak, New UK Prime Minister, was urged to find a new Brexit trade deal. In addition, the prolonged recession then made economic ties lead to the Brexit Deal. As a result of this recession, their economy suffers the most.

The Think Tank said it was time to consider the best way to tie with the bloc. The Trade and Cooperation Agreement (TCA), which Boris Johnson signed, is said to be valid until 2025, and this is one of the most central policies made by the UK.

Tony Blair, a think tank at the Institute for Global Change, sent this pressure. He said Sunak should rapidly forge an agreement that aligns with what the EU single market needs, especially voluntarily, to help restore smooth trade.

Mr. Sunak and his chancellor Jeremy Hunt have dismissed the idea of regulatory alignment. And any return to freedom of movement in exchange for single-market access. This political space provides single market access so Mr. Sunak can renegotiate them.

Should the UK Rejoin EU Single Market and Get New Brexit Deal to Face Recession?

There are many questions and debates about how the UK should act in the face of the current recession. And according to many parties, a Brexit trade deal is needed to eliminate the consistent failure status to champion UK exports.

However, the UK will still become a permanent member of the EU again as before. What the experts demanded from Prime Minister Rishi Sunak was for Britain to form a Swiss-style relationship with the EU 

It is to make the nation back into the single market while simultaneously boosting the economy. Former Prime Minister Boris Johnson also oversaw the UK's withdrawal from this single market to form trade barriers with the bloc.

 It is stated that EU membership would help resolve issues with this new system and reduce export costs in the nation's current situation. Some members of the public also say that Brexit is a disaster. 

One of them is the direct opinion of the British, who says that: "Brexit has been a disaster. I think we're struggling for growth, and we need to rejoin the customs union and the common market,"

The Office for Budget Responsibility statement also said that Brexit had negatively affected the UK's economy. This makes their trade volume and relationship down. UK's trade intensity also fell by 15% when compared to when it became an EU member.

A little explanation about Swiss-style membership where Switzerland is not a member of the EU, but they have direct access to the single market. Indeed, it took years of wrangling and arguing, but UK residents hope they can apply this in the future.

UK Economy Suffers Biggest Hit and Lagging Substantially Behind Other Developed / G7 Nations

UK economy to suffer the biggest hit from energy crisis among G7 nations Britain suffers the most painful inflation at energy support, dan the UK economy has a sharp downgrade. The UK economy will experience an average decline of 3.1% in 2022.

It is also only the G7 economy that shrunk in that time. This difficult fiscal situation also makes the EU single market need reassessments. However, for UK conditions, what makes it worse is due to low productivity, and this leads to monetary and fiscal policy nations.

The primary downside is energy markets, and this is exacerbated due to winters. The UK central bank said that the despondency of monetary policy would be short. And monetary and fiscal tightening work hand in hand so that Uk's condition recovers quickly.

The UK is the country most affected by the US monetary policy. The UK experienced a recession with the worst economic conditions compared to other G7 members. Therefore, the UK prime minister was urged by many experts to "join" the EU again.