What’s best for Britain?

How the possible deals compare

Canada Plus

The Eu-canada Comprehensive Economic and Trade Agreement (CETA) promotes free trade and took seven years to agree.

It is viewed as a potential starting point for a UK/EU deal but the UK would want it to go much further.

CETA eliminates 98 per cent of all Canadian tariffs between the EU and Canada but the services sector is only partially covered. Canada does not have to pay for its increased EU market access and does not have to accept freedom of movement.

The UK would want zero tariffs and special arrangements to allow the UK’S financial services sector to maintain its current access to the European market. It would also want the right to diverge from EU regulations in the future.

Labour’s Brexit policy

Sir Keir Starmer said he wanted the UK to strike a Norway-style deal with the EU. Norway is not an EU member but is part of the European Economic Area.

It has access to the single market but must accept freedom of movement and EU rules.

Under Sir Keir’s plan the UK would be very close to the single market and customs union and would accept the “easy” movement of EU citizens.

Britain would likely continue to pay into the EU’S budget and UK businesses would have to accept EU regulations.