Hard Brexit! If this is true, it's amazing stuff. The referendum was only won with a tiny margin and if the public was aware of what is going to happen, it's not likely it would have been won at all.
The U.K. is likely to pull out of the European Union’s single market for goods and services and seek a completely new trading relationship with the bloc, Prime Minister Theresa May will say Tuesday as she sets out her plan for Brexit. In a blow to business groups pressing for the closest possible links to Europe, May will use a speech in London to explicitly say she expects Britain to leave the single market and overhaul its links to the customs union, according to a person familiar with the matter. She has no interest in a “partial” or “associate” membership of the EU or “anything that leaves us half-in, half-out,” according to extracts released by her office.
May Ready to Announce Britain Will Leave EU Single Market - Bloomberg
On Monday night, May’s office said she will announce 12 key objectives for the negotiations, which are likely to include gaining full control over immigration, restoring power over lawmaking to the U.K. Parliament, and ending the jurisdiction of the European Court of Justice over British laws. While she will say she expects Britain to leave the single market, May will be less definitive about the European customs union after Brexit, indicating a hybrid, partly-in, partly-out model may be the best option, according to the person familiar with the matter.
May Ready to Announce Britain Will Leave EU Single Market - Bloomberg
As a full member of the EU customs union, Britain is legally unable to strike its own free trade agreements with other countries. While the details of May’s customs plan will not be outlined in full, her direction will be clear: towards a deal that allows the U.K. to trade freely with countries around the world.
May Ready to Announce Britain Will Leave EU Single Market - Bloomberg