UK's May is ambitious for the sort of arrangement we can have with the EU

Speaking at the Charity Commission

  • Ambitious for the sort of arrangement we can have with the EU but must not think of it as trying to keep bits of the EU membership

  • Weekend comments haven't differed from what she's said previously

  • It is wrong to say I am talking about a hard exit

  • Britain will have a new relationship with the EU post-exit

In my view she's actually said nothing now, or over the weekend, that's different from the actual ongoing situation. The market has just got this idea that single market access is an all-in or all-out option, when that's probably far from the truth, and far from what will be considered in negotiations.

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