Britain must rejoin the EU single market in five years, Sir John Major says in withering criticism of Brexit

What if the path to economic recovery for Britain lies in rejoining the EU single market? This provocative suggestion comes from none other than former Prime Minister Sir John Major, who recently shared his thoughts in an exclusive interview with The Independent.

Major's criticism of Brexit isn't just a casual opinion; he highlights staggering financial losses. According to him, the UK is losing a staggering £100 billion annually in trade and an additional £40 billion in tax receipts. These figures raise an essential question: what does this mean for the average Briton?

Many are feeling the pinch in their wallets, with rising prices and economic uncertainty. Major's call for a potential re-entry into the single market could spark hope for easing these burdens. But what are the implications of such a move?

The former PM's assertion suggests that the long-term consequences of Brexit could be more severe than many anticipated. As businesses grapple with new trade barriers and regulations, the economic landscape continues to shift, affecting jobs and investments across the country.

For those wondering how this impacts their everyday lives, the answer lies in the interconnected nature of the economy. Trade affects everything from the cost of goods to job opportunities, making Major's insights particularly relevant.

While his comments may stir up debate among supporters and opponents of Brexit alike, they also open a dialogue about the future direction of the UK's economy. Will the government heed this warning, or continue on its current path?

As discussions unfold, the question remains: can the UK afford to ignore the potential benefits of re-engagement with the EU?

To stay informed on this evolving story, read the full report at The Independent for the latest verified details.