11 October 2017 One of the most critical issues for the Brexit negotiations in relation to trade is whether the UK should remain in the EU Single Market.  The Conservatives claim that the UK will no longer be members of its single market or its customs union by the end of a two-year transitional period, but at his party’s conference, Jeremy Corbyn said a Labour government would strike a deal with the EU that "guarantees unimpeded access to the single market" after Brexit. We have produced a short, animated video that explains what the Single Market is, how it works and the ways it effects trade, and thereby the economy.  This includes the role of the European Court of Justice. Ultimately, the video explains that there is a trade-off between making your laws independently and cooperating sufficiently to be a part of a bigger market and achieve higher incomes. https://vimeo.com/237091027 Republishing guidelines The UK Trade Policy Observatory believes in the free flow of information and encourages readers to cite our materials, providing due acknowledgement. For online use, this should be a link to he original resource on the our website. We do not however, publish under a Creative Commons license. This means you CANNOT republish our articles online or in print for free.