Stefaan De Rynck, advisor to the EU’s chief Brexit negotiator Michel Barnier, today re-stated the fact that the UK cannot expect to leave the Single Market and the Customs Union and still enjoy all the economic benefits.
Speaking at an event organised by Chatham House, Mr De Rynck described Brexit as a ‘lose-lose’ situation for the UK and the EU.
Commenting on today’s news, Peter Kyle MP, leading supporter of Open Britain, said:
“After Ministers gathered today to discuss what on Earth they want from Brexit, they have just experienced another cold dose of reality.
“The Brexit Secretary promised he would deliver a deal that delivers the 'exact same benefits' as we currently enjoy in our trade with Europe. But the EU are clear that this is impossible. The reality is, after ruling out membership of the Single Market and the Customs Union, the best we can now hope for is a worse deal that will damage trade with the EU and weaken our economy.
“The Prime Minister may have finally got past phase one by agreeing to cough up a £40bn divorce bill, but negotiating the future relationship will prove to be far more complicated and costly. As Ministers squabble among themselves, people are right to keep an open mind about whether this is the right future for our country.”