The single market is dependent on membership of the EU. What we’ve said all along is that we want a tariff free trade access to the European market and a partnership with Europe in the future.
Labour leader Jeremy Corbyn speaking to the BBC’s Andrew Marr show on July 23.
As a description of the law, Jeremy Corbyn’s assertion is wrong, and has been so for almost a quarter of a century.
The European Economic Area Treaty (EEA) entered into force in 1994. This provides full membership of the single market for countries which are not members of the European Union. At present, these are Norway, Liechtenstein and Iceland. Switzerland also has access to some aspects of the single market under a series of treaties. In the current Brexit negotiations, if the UK expresses a wish to exit the EU but remain in the EEA – or reach a separate similar arrangement – it is clear that this would be facilitated and welcomed by the 27 remaining EU states.
Since it would clearly be impossible to complete the huge task of negotiating permanent trading arrangements between the UK and the EU by mid-2019, when Article 50 negotiations on the UK’s exit will end unless there is unanimous agreement to extend them, a transition agreement needs to be reached.
The cabinet is reportedly united on the need for such