May Ready to Announce Britain Will Leave EU Single Market
- Premier’s speech to set out 12 key priorities for negotiations
- Government preparing for market reaction, fall in sterling
Haass: U.K. Takes 'Cake and Eat It Too' Brexit Approach
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The U.K. is likely to pull out of the European Union’s single market for goods and services and seek a completely new trading relationship with the bloc, Prime Minister Theresa May will say Tuesday as she sets out her plan for Brexit.
In a blow to business groups pressing for the closest possible links to Europe, May will use a speech at 11:45 a.m. in London to explicitly say she expects Britain to leave the single market and overhaul its links to the customs union, according to a person familiar with the matter. She has no interest in a “partial” or “associate” membership of the EU or “anything that leaves us half-in, half-out,” according to extracts released by her office.