The former boss of Liam Fox’s international trade department has warned that life outside the EU single market is like swapping a three-course meal for a packet of crisps. “The challenge if we choose not to stay in the single market, is can we negotiate equal access in all those areas of services without agreeing to obey the same rules as everybody else? “Given the negative consequences of leaving, and the lack of any significant offsetting advantages, I believe it is likely the UK will seek to return to full membership of the EU single market in due course. Flexibility will be key to any future trade policy, he will say. To say the world has exhausted its appetite for British-led services is absolutely a counsel of despair, the market is insatiable.

Source: The Guardian February 27, 2018 08:45 UTC