UK to unveil Brexit customs relationship plan
This week, Her Majesty’s government will release an official document detailing its view on a Brexit deal. The paper will detail important questions, such as how long the UK should stay in the customs union and whether it intends to apply for membership of the European Economic Area.
It’s expected that the plan will advocate preserving close trade ties with the EU, which likely means seeking continued access to the single market. But Brussels has made it clear that it expects Britain to formulate a position on ‘divorce questions’—such as the future rights of European citizens in Britain—before negotiations on post-Brexit relations can commence.
Despite the recent cabinet reshuffle, the UK government is far from united. Because of this, the details of the plan will be watched closely by international investors and Brussels alike.
While it’s clear that the inter improposal is only a first step, it shows that Britain is finally piecing together a coherent plan; something that seemed elusive not so long ago.
