The Prime Minister delivered an excellent, well-honed speech, with great authority, confidence and grasp of the complexities of the subject on Friday. The depth of thinking right across a host of subjects was in very clear in contrast to the naked opportunism and stunted illogicality of Corbyn’s Labour.
I am personally delighted to see that the clear policy is to have a global Free Trade Agreement (FTA) with the EU in the manner of other independent sovereign nations such as Japan, Canada, Australia and New Zealand, and to reject the ‘half in half out’ type proposal such as Norway’s EEA (European Economic Area) or remaining in the Customs Union, both of which would make the UK a rule taker not a rule maker.
The model is what I have termed a ‘SuperCanada’ trade model – one which is deeper, wider and broader than Canada’s CETA (Comprehensive Economic and Trade Agreement) – and adding substantial pluses. But it is neither pure Canada nor Norway, both rejected. It sits on a continuum between these, and is at once bespoke – as the Prime Minister promised – and yet also reassuringly familiar and road tested. We are to be clearly out the Customs Union and Single Market, and the ‘jurisdiction of ECJ in the U.K. must end’. Brexiteers can sleep well tonight.