MAP Summary of the Prime Minister’s Speech on Brexit – 17th January 2017

In a major speech outlining the 12 objectives for the negotiations for leaving the EU, the Prime Minister set out her vision for a “Global Britain”. The speech was intended to give confidence and reassurance regarding the Government’s negotiating position and to provide some certainty and clarity. To some extent it achieved this. However, this is the start of a very long process where no one can accurately predict the final outcome.

Key to this was explicit confirmation that the UK would not remain a member of the Single Market and that they would pursue a bold and ambitious Free Trade Agreement with the European Union. This agreement should allow for the freest possible trade in goods and services between Britain and the EU’s member states” which would “give British companies the maximum freedom to trade with and operate within European markets – and let European businesses do the same in Britain.” This is a worthy aspiration but may be very difficult to achieve.

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Published on 18. January 2017 in News UK