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Theresa May wants to leave single market, protect rights of EU nationals post-Brexit | |
(about 3 hours later) | |
Prime Minister Theresa May has confirmed the UK will leave the single market in a major speech on Tuesday. | |
Other priorities include removing Britain from the jurisdiction of EU courts and imposing controls on immigration. | Other priorities include removing Britain from the jurisdiction of EU courts and imposing controls on immigration. |
Single Market | Single Market |
In line with past pledges by the PM and Brexit minister David Davis, May announced the UK will fully withdraw from the single market. | |
She said "this agreement should allow for the freest possible trade in goods and services between Britain and the EU's member states. It should give British companies the maximum freedom to trade with and operate within European markets, and let European businesses do the same in Britain." | |
It is extremely unlikely the EU would allow the UK to stay in the single market without allowing freedom of movement anyway. | |
There may still be scope for a future deal to be made which has some of the characteristics of the single market but carried forward under a different heading. | There may still be scope for a future deal to be made which has some of the characteristics of the single market but carried forward under a different heading. |
Custom unions | Custom unions |
May did not rule out UK membership of the customs union – in effect part of the EU which controls tariffs on imports and exports. | |
However, she said the UK can create its own trade policy after Brexit. | |
Some in her Cabinet – like Liam Fox – favor full withdrawal, while Chancellor Philip Hammond is worried that leaving with make reaching the next set of trade deals ponderously slow. | Some in her Cabinet – like Liam Fox – favor full withdrawal, while Chancellor Philip Hammond is worried that leaving with make reaching the next set of trade deals ponderously slow. |
Cash | Cash |
The UK gives £9 billion per year to the union. Some commentators suggest the contribution could be a strong card for Britain, as the EU would lament losing the money. | The UK gives £9 billion per year to the union. Some commentators suggest the contribution could be a strong card for Britain, as the EU would lament losing the money. |
While Davis appears keen to continue payments of some kind after Brexit, Foreign Secretary Boris Johnson is opposed. | |
The Divorce | The Divorce |
Transition came up in the speech. May expressed her wish to adopt a transitional arrangement which would avoid an abrupt exit. | |
The Cabinet does not oppose transition arrangements, but there is disagreement on its extent and speed. | The Cabinet does not oppose transition arrangements, but there is disagreement on its extent and speed. |
Immigration | Immigration |
Views on immigration, including overtly toxic ones, framed the entire EU referendum debate. May offered reassurance to immigrants saying "you will still be welcome in this country as we hope our citizens will be in yours." | |
EU law | EU law |
May is determined to disentangle the UK from the European Courts of Justice (ECJ). However, a post-Brexit trade settlement would require an agreed forum for legal arbitration. | May is determined to disentangle the UK from the European Courts of Justice (ECJ). However, a post-Brexit trade settlement would require an agreed forum for legal arbitration. |
It is suggested that even if this forum is not the ECJ, it will function like the ECJ. That said, May pledged the UK will withdraw entirely from the ECJ. Her Cabinet is thought to support full withdrawal. |