Shadow chancellor’s remarks mark shift in tone for party, which has preferred to not talk about Brexit so far

Labour would try to improve elements of the UK’s trade deal with the EU, Rachel Reeves has indicated, saying also that most financial services companies have “not regarded Brexit as being a great opportunity for their businesses”.

While Labour remains committed to not making any major changes to Brexit, the shadow chancellor’s comments show that the party could nonetheless make more policy moves on EU trade links than previously believed.