In a wide ranging speech which spanned the border question, trade deals, laws, and the digital economy, Mrs May set out her five foundations for a successful Brexit.
Mrs May spoke in franker terms than we’ve come to expect, saying that both sides will have to compromise, and promised that all negotiations were being undertaken with the ‘hard working British families’ firmly in her mind.
The prime minister said that; binding commitments, an independent arbitration mechanism, ongoing dialogue, data protection and people links, were the foundations for future success between the UK and the EU.
PM’s Five Foundations of Future Trade Deal
1. Reciprocal binding commitments
2. Arbitration mechanism that is completely independent
3. Ongoing dialogue with EU and means to consult for regulators
4. Arrangement for data protection – more than adequacy
5. People links
— Faisal Islam (@faisalislam) 2 March 2018
Mrs May also reaffirmed there would not be a hard border in Ireland – claiming that both the UK and EU were clsoe to an agreement on the issue.
May spells out some of the many EU agencies that she wants to have an ‘associate membership’ with: European Aviation Agency, Chemicals agency, Pharma Agency….
— Beth Rigby (@BethRigby) 2 March 2018
‘A shared interest to get this right’
Touching on her confidence that the right deal would be struck for both parties, the Tory leader said: “Although we are leaving the EU, we are all still European. As in any negotiation, no one will get everything they want.
“There will be ups and down ahead.
“What will be remembered will be whether the UK and the EU reach and enduring solution. Both sides have a shared interest in getting this right. So let’s get on with it.”
We will remain extremely close to our EU friends and partners – but able to innovate, to set our own agenda, to make our own laws and to do ambitious free trade deals around the world
— Boris Johnson (@BorisJohnson) 2 March 2018