Guido can reveal the top lines from Number 10’s proposal laid out to Cabinet:
- There will be a “common rule book” between the UK and EU on all goods, including agri-foods
- UK will commit by treaty to mirroring EU rules and face “consequences” if we ever seek to diverge on anything
- Their plan on regulatory alignment would “not allow the UK to accommodate a likely ask from the US in a future trade deal” re mutual recognition of standards. Number 10 say this does not rule out the chances of a US trade deal.
This is going to kick off…