BREXIT

The British Prime Minister delivers her long awaited speech and blueprint for Brexit.

THERESA May has thrown down the gauntlet to Brussels by saying that the EU had a “shared interest” in making a success of Brexit.

In a long-awaited speech, the Prime Minister has set out a detailed blueprint for Brexit that would maintain trade links, while setting Britain free to decide its own destiny.

After Brussels accused her of “cherry picking” the parts of EU membership it likes, Mrs May pointed out that all trade deals work that way.

And, with the clock ticking down to Britain’s exit in March next year, she urged the EU to accelerate trade talks.

She said: “We know what we want. We understand your principles. We have a shared interest in getting this right. So, let’s get on with it.”

The speech, delivered last Friday at Mansion House in the City of London, follows weeks of Cabinet wrangling over how far to go in making a clean break with the EU.

In a decisive statement, Mrs May said she would lead Britain out of the single market, rejected calls to join a customs union, called time on the jurisdiction of the European Court of Justice and vowed to end free movement of people.

The PM said Brexit would produce “a stronger, more cohesive nation”. And she dismissed calls for a second referendum, saying: “We won’t think again on Brexit. The people voted for it and it is incumbent on the Government to deliver it.”

But she also warned that making a clean break with Brussels would come at the price of reduced access to European markets. “I want to be straight with people – because the reality is that we all need to face up to some hard facts,” said Mrs May.

“We are leaving the single market. Life is going to be different. In certain ways, our access to each other’s markets will be less than it is now. How could the EU’s structure of rights and obligations be sustained, if the UK – or any country – were allowed to enjoy all the benefits without all of the obligations? So we need to strike a new balance.”

Mrs May’s intervention does appear to have succeeded in uniting the warring factions of the Conservative Party without immediately alienating Brussels.

In a speech that was long on detail, Mrs May:

. Rejected “unacceptable” EU plans to keep Northern Ireland in the customs union after Brexit, which she warned would break up Britain.

. Said the UK may continue to respect EU state aid and competition rules – a move that could frustrate a future hard-Left government bent on imposing socialism.

. Pledged to maintain regulatory standards that are “as high as” the EU’s, even if they are achieved by different means.

. Warned that the European economy would lose out if it tried to punish the City.

. Set out two options for maintaining light-touch customs arrangements between Britain and the EU.

. Confirmed she was willing to walk away without a deal if the EU tried to punish Britain.

She also said that Britain could pay to remain in EU regulatory bodies in areas such as chemicals, medicine and aerospace – promised to negotiate a deal on fishing that would give British trawlermen a “fairer allocation” of fishing rights and said that Britain would demand “domestic flexibility” in areas like the emerging digital sector to prevent tech start-ups being held back by EU red tape.

On the critical balance between divergence from EU rules and access to the single market, Mrs May said she expected many regulations for traded goods to remain “substantially similar” in the immediate future.

But, critically, she said Parliament would be free to change them in future “in the knowledge that there may be consequences for our market access”. She said disputes would be settled by an “independent mechanism” – not EU judges.

Mrs May said she would not be knocked off course by hardliners on either side of the debate, saying she wanted the count.

In the run-up to the speech, Eurosceptic MPs were on red alert for any signs of backsliding.

However, most appear content that Mrs May had struck the right balance. Former Conservative leader and Brexiteer Iain Duncan Smith described the speech as “pretty good”.

And Tory ex-chancellor Lord Lamont said it was now time for diehard Remainers on the Tory benches to stop undermining Mrs May.

Sarah Wollaston, a leading Tory Remainer, described the speech as “pragmatic and positive”.

But diehard Remainer Anna Soubry struck a sour note, about Mrs May’s blueprint, saying: “It will not deliver the same benefits, the positives to our economy, as we currently have.”

The EU’s chief negotiator Michel Barnier welcomed the “clarity” that Britain wanted a clean break, saying this would help Brussels finalise its negotiating guidelines.

AT the end of last week, and for the best part of an hour, Theresa May rattled off her Brexit objectives in a huge number of areas: agriculture, fisheries, migration, the Irish border, manufacturing, financial services, energy, science, haulage, nuclear safety, education and culture. People said they wanted more detail about her negotiating position prior to Britain leaving the European Union, and that’s exactly what she gave them.

What emerged was a pragmatic, common sense approach behind which she appears to have succeeded in uniting Cabinet colleagues as diverse as the Europhile Philip Hammond and the hardline Brexiteer Boris Johnson.

In some areas, Britain is bound to remain closely aligned with our partners’ rules and trading standards. But as Mrs May pointed out, this is true of every trade deal ever struck.

Crucially, however, the red lines the Prime Minister drew from the start remain intact. Come what may, we will be taking back control of our borders, laws and money – with British judges and a sovereign British Parliament no longer obliged to take orders from Brussels or the European Court of Justice.

For the avoidance of doubt, Mrs May spelled out yet again that this will mean withdrawing from the single market and customs union. There will be no second referendum.

. See also Britain will be entitled to walk away without a deal with the EU