Theresa’s Brexit plan... and what it all means

1 Theresa May is ruling out any extension to the process of negotiating with Brussels under Article 50, which governs the process of leaving the EU.

2 Makes clear that immigration remains a red line which will not be bargained away.

3 The £10billion which goes to Brussels coffers every year will be slashed.

4 This is the PM’s attempt to put a positive gloss on her ‘third way’ customs plan, under which the UK will collect EU tariffs on Brussels’ behalf for a small proportion of imports. Eurosceptics don’t like this – but business leaders say is essential.

5 Eurosceptics will hate this element, which suggests Britain will maintain ‘regulatory alignment’ with EU rules – but it is strongly backed by big corporations and the CBI business lobby group.

6 Britain will guarantee that it won’t sign trade deals that will allow sub-standard produce to be imported.

7 An important measure, which will see MPs get a vote every time we sign up to a new EU trade rule, rather than the rules automatically coming into force as at present.

8 It means Britain will be able to strike its own path on farming and will also be able to guarantee a greater catch for British trawlermen.

9 Ending the supremacy of the European Court of Justice is a red line for Cabinet Eurosceptics, but it is unclear how this will work alongside the pledge to follow EU rules.

10 The latter clause is the most significant: it is a guarantee to the Democratic Unionist Party MPs who prop up Mrs May’s Government that they will not give in to Brussels demands for a border in the Irish Sea.

11 Mrs May is determined to get a deal which allows European agencies to work together to fight terrorism and crime. 12 Britain will take back full control of its foreign affairs.