The Spectator was a cheerleader for Brexit and James Forsyth has gone through David Davis' statement and the follow up answers to see if it can discern the direction the government is taking (HERE). He sees says this:
"...Davis indicated that he didn’t favour paying anything or conceding anything on border controls to get a free trade deal with the EU. When Andrew Tyrie, the chairman of the Treasury select committee, pressed him on whether the UK would remain inside the customs union once it left the EU, Davis said the government hadn’t yet decided whether to do this. But the language of his answer strongly suggested that he agreed with Liam Fox, the Secretary of State for International Trade, that the UK should leave the customs union so that it has a free hand to do trade deals outside it."
On this basis the UK will not be part of the EU, the EEA, EFTA or even the customs union. In Europe we will be totally different to every other nation and means a deal similar to the one Canada has with the EU. This does not include financial services at all and has quotas on some agricultural products. Manufacturers have to abide by EU regulations and when shipping into the EU must provide certificates of origin (costed at £3Bn per year for British Industry).
I wonder how Phillip Hammond's meeting with the bankers went after this?
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