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Rachel Reeves called for closer ties with the EU in a major speech today.

The Chancellor warned the UK risks being "stranded" between rival trading blocs unless it moves towards Brussels.

Giving the Mais lecture in the City of London, she said the UK would still diverge from the EU's regulations in some areas but they would be "the exception, not the norm".

But Reform UK leader Nigel Farage accused her of being "hopelessly out of date", while Tory Shadow Chancellor Sir Mel Stride said she was "dragging us back into the old Brexit arguments".

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