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Yes, the Brussels effect:

https://en.m.wikipedia.org/wiki/Brussels_effect

One could say the UK has given back control...

this becomes less of an issue with each passing year as the EU's share of world GDP decreases

https://fullfact.org/media/uploads/GDP%20graph%20world%20vs%...

This is due to the rise of China. The UKs main export market is the EU so it makes sense for it to stay in the organisation that governs regulations in that market.

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