We have come to an agreement. The proposal we're pushing to the European Union, which absolutely delivers on the Brexit that people voted for.
Brexit means Brexit, the prime minister has always said. And now she's beginning to define what that actually means.
We will stop sending vast subscriptions, vast contributions to the EU every year. We will ensure that the European Court of Justice doesn't have jurisdiction in the UK any longer.
Essentially, we're going to chuck out all the rules and regulations of the EU and then opt back into a very large number of them. On goods, it's pretty much single market membership that Britain is looking for, although with a new name, and it's going to be said, this is absolutely not the single market, but following a common rulebook.
On services, the big surprise is Britain is asking for a lot of the current regulations on services to apply. And on financial services, here Britain has scaled back its ambition a little bit. And instead of wanting a mutual recognition of outcomes of regulation, it's saying that we can just have an enhanced equivalence regime, although when you get into the details and it defines it, actually, these things are rather similar.
We're delivering on the vote of the British people to take back control of our money, our laws, and our borders. And that's what our proposal does.
Will this fly? Well, I think the difficulty is that in the UK the Brexiters say this is far too close to Europe. We're really much, much too close to signing up to all of European rules. And in the EU 27, will say it is far too much of cherrypicking that Britain has just decided to opt back into the areas it likes, while leaving out things it doesn't like, like freedom of movement.