The Prime Minister confirmed UK will exit the single market and Customs Union.
Plus other highlights of the speech.
The Prime Minister address in Florence Italy, yesterday 22nd September 2017, included much of what was known before, perhaps the speech serves as confirmation of other speculations.
The speech, however, stops short of putting a figure on what UK will pay the EU for transition arrangement nor any agreement on the divorce bill.
We have highlighted some of the interesting soundbites below. See full speech in the following link: PRIME MINISTER THERESA MAY FULL FLORENCE SPEECH
ON UK/EU RELATIONSHIP:
The United Kingdom has never totally felt at home being in the European Union. And perhaps because of our history and geography, the European Union never felt to us like an integral part of our national story in the way it does to so many elsewhere in Europe.
ON NEGOTIATION PROGRESS:
We have now conducted three rounds of negotiations. And while, at times, these negotiations have been tough, it is clear that, thanks to the professionalism and diligence of David Davis and Michel Barnier, we have made concrete progress on many important issues.
ON EU CITIZENS RIGHT:
I am clear that the guarantee I am giving on your rights is real. And I doubt anyone with real experience of the UK would doubt the independence of our courts or of the rigour with which they will uphold people’s legal rights.
ON ECJ & UK LAW:
Where there is uncertainty around underlying EU law, I want the UK courts to be able to take into account the judgments of the European Court of Justice with a view to ensuring consistent interpretation. On this basis, I hope our teams can reach firm agreement quickly.
ON LIFE OUTSIDE THE EU:
Of course, we recognise that we can’t leave the EU and have everything stay the same. Life for us will be different. But what we do want – and what we hope that you, our European friends, want too – is to stay as partners who carry on working together for our mutual benefit.
ON SINGLE MARKET & CUSTOMS UNION:
The United Kingdom is leaving the European Union. We will no longer be members of its single market or its customs union. For we understand that the single market’s four freedoms are indivisible for our European friends.
EMPHASIS ON MARCH 29TH 2019:
The United Kingdom will cease to be a member of the European Union on 29th March 2019.
ON IMPLEMENTATION PERIOD:
How long the period is should be determined simply by how long it will take to prepare and implement the new processes and new systems that will underpin that future partnership.
For example, it will take time to put in place the new immigration system required to re-take control of the UK’s borders. So during the implementation period, people will continue to be able to come and live and work in the UK; but there will be a registration system – an essential preparation for the new regime.
ON EU BUDGET:
Still I do not want our partners to fear that they will need to pay more or receive less over the remainder of the current budget plan as a result of our decision to leave. The UK will honour commitments we have made during the period of our membership.