'The EU has rejected Theresa May’s vision for a post-Brexit trade relationship, laying out its own plans and warning that her choices will have “negative economic consequences” for Britain.
In draft negotiating guidelines unveiled on Wednesday, the bloc ruled out the “mutual recognition” of standards between the UK and EU as proposed by the Prime Minister in her Mansion House speech last week.
The six-page document, which will instruct EU chief negotiator Michel Barnier on how to deal with the UK in the next phase of talks, also rules out British membership of EU regulators such as the European Medicines Agency after Brexit – directly rebuffing the Prime Minister.
Presenting the guidelines at a press conference in Luxembourg, Donald Tusk, the president of the European Council, warned that the future relationship “will only be a trade agreement” because Ms May had refused to stay in the customs union and single market.
“One thing must be absolutely clear, and I’m not sure that we are on the same position here: there is no possibility to have some sort of exclusive form of single market for some part of our economies,” he said.
“I hope that during our negotiations and debates among the 27 EU leaders that we will make my position more clear for our partners in London.
“I fully understand and respect Theresa May’s political objective: to demonstrate, at any price, that Brexit could be a success and is the right choice. But sorry, it is not our objective.”'
Read more: Brexit: EU rejects Theresa May's trade plan and warns UK will suffer 'negative economic consequences'
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