May Speech Key Points

The main points from Theresa May’s speech. Brexit means…

  • OUT of the single market: “I want to be clear, what I am proposing cannot mean membership of the single market”
  • OUT of the customs union in its current form: UK will either seek a new customs agreement or become an “associate member” of the customs union. UK must be able to seek new trade deals with the wider world.
  • End to contributions to EU budget: Gave herself leeway on making “an appropriate contribution” to parts of the EU budget, though made clear “the days of making vast contributions will end”.
  • Transition: There will be a “phased process of implementation” to “avoid a disruptive cliff edge”. No word on time limit.
  • Threat to EU: Makes clear she will walk away if Brussels seeks a punitive settlement: “no deal for Britain is better than a bad deal”. Repeats Hammond’s threat to make Britain the tax haven of Europe: “We would have the freedom to set competitive tax rates.”

Brexiters will be happy with that. Key battlegrounds now are what the new customs deal looks like and how long this “phased process of implementation” will take. Brexit really does mean Brexit…

Full text here.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

George Osborne’s Evening Standard leader on Leave voters:

“Now, like a duped drunk in a strip bar, voters find that, far from getting their hands on the goodies, they have been left with a large bill.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Clegg Spinning Brexit Doom Report Clegg Spinning Brexit Doom Report
Sunday Shows Sunday Shows
Taxpayers’ Alliance Updates Iconic Tory Poster Taxpayers’ Alliance Updates Iconic Tory Poster
Liar Clegg Brillo’d Liar Clegg Brillo’d
Just 22% Still Support Remain Just 22% Still Support Remain
McDonnell Denies Being Marxist McDonnell Denies Being Marxist
Tories Fundraising on Brussels Bluster Tories Fundraising on Brussels Bluster
Appeal on Behalf of the Friends of George Miller Appeal on Behalf of the Friends of George Miller
Public Still Not Sure What Labour and Lib Dems Believe on Brexit Public Still Not Sure What Labour and Lib Dems Believe on Brexit
Triggered: Article 50 Triggered: Article 50
“St Patrick was an Immigrant” “St Patrick was an Immigrant”
FLASHBACK: Labour Election Fraud FLASHBACK: Labour Election Fraud
FLASHBACK: LibDem Election Fraud FLASHBACK: LibDem Election Fraud
Pictured: Hammond’s Red Box Pictured: Hammond’s Red Box
Major and Cameron Lunched Yesterday Major and Cameron Lunched Yesterday
Bloomberg Thinks Bankers Bluffing About Brexodus Bloomberg Thinks Bankers Bluffing About Brexodus
Amazon Outage Amazon Outage