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Story summary
- Rachel Reeves (UK Chancellor) criticized Brexit, saying it harms growth and prices.
- She advocates closer ties with the EU, calling it the 'biggest prize' for recovery.
- Reeves will deliver a speech on improved trading relations.
- She proposes a bill to align UK laws with EU standards and establish a youth mobility scheme.
- Amid rising oil prices and challenges, Reeves says UK is positioned to handle them due to fiscal policies.
