UK Chancellor Reeves says the Brexit impact on GDP could be as high as 8%. Share a need with the EU for greater economic resilience. Calls for a framework to build the relationship with the EU, without constant renegotiation.

• UK will not be re-joining the single market.

The UK Chancellor's remarks on Brexit's potential GDP impact illustrate heightened economic concerns as the country navigates its post-Brexit relationship with the EU. Her emphasis on a need for economic resilience and a structured framework points to ongoing negotiations and potential instability in trade dynamics. This ongoing dialogue will likely have implications for the GBP and UK equities as market participants assess the evolving economic landscape.