After a long cabinet meeting on the eve of her crucial Brexit speech in Florence, on Thursday, Theresa May and her aides came up with a draft which doesn't promote the idea of remaining within the European Union's single market with partial control over immigration, according to the BBC's political editor. Laura Kuenssberg said on Twitter she learned from sources familiar with the matter that the so-called EEA-minus model, referring to the European Economic Area, was never likely to be adopted by the British prime minister.
Other chatter that reached the journalist includes May will speak of transition of up to two years. The Canadian-style free-trade agreement system will be deemed unfit for the United Kingdom and she will vow to seek an original scheme, according to the report. The country has a Comprehensive Economic and Trade Agreement (CETA) with the EU and its members, and participates in the North American Free Trade Agreement (NAFTA), currently being renegotiated. The EEA includes Iceland, Liechtenstein and Norway, while Switzerland is part of the single market even though it is not a member of the system.
