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EU27 Squash UK Hopes of Bespoke Trade Deal

(Jacopo Barigazzi – Politico)

European diplomats are maneuvering to squash London’s hopes of a special cherry-picked economic deal with the EU post Brexit.

Even before Brexit negotiations move to phase two on trade and Britain’s future relationship with the bloc, the EU27 are coalescing around an offer to London of a free-trade agreement not much different from the one struck with Canada.

The EU’s Brexit negotiator Michel Barnier has backed such a deal for the U.K. post Brexit, concluding that since Prime Minister Theresa May has rejected continued membership of the EU single market and customs union, a basic Canada-style deal is the only realistic option. Click here to read more.