Regulatory Convergence Between UK & EU Denied

Last night Robert Peston set the hares running reporting that “permanent regulatory convergence between the UK and EU” is Theresa May’s “preferred route”. This would essentially be the EEA minus option preferred by Hammond and the Remainers, meaning the UK would have to follow EU rules permanently, denying the opportunities of Brexit that the country voted for. Fortunately government sources are strongly kicking back at the Peston report and denying there will be regulatory convergence between the UK and the EU. The Sun’s Tom Newton Dunn says alignment – which is different to convergence – would only be in limited areas of the Good Friday agreement.

It certainly would be brave for May to suddenly back the convergence model – that would go completely against the spirit of her Lancaster House speech, it would not be a real Brexit and it would mean the end of Brexiteer support for her premiership, which she has worked very hard to maintain over the last year. This episode again stresses the need for the Cabinet to thrash out once and for all what type of Brexit they actually want…




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Former Governor of the Bank of England Mervyn King…

“There are arguments for remaining in the EU and there are arguments for leaving the EU. But there is no case whatever for giving up the benefits of remaining without obtaining the benefits of leaving.”

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