Brexit: Emmanuel Macron says UK can have bespoke trade deal at a price

Emmanuel Macron has said Britain can secure the bespoke Brexit trade deal Theresa May wants, but warned there would be a trade off.

The French President said giving the UK’s financial services full access to the single market without accepting its rules was “not feasible”.

He also said that while he respected the result of the June 23 referendum, he would “love” to welcome the UK back.

In an interview with BBC One’s Andrew Marr show to be broadcast tomorrow, but conducted during his visit to the UK earlier this week, he was asked whether a bespoke special solution for Britain was possible.

He said: “Sure, but… this special way should be consistent with the preservation of the single market and our collective interests.

“And you should understand that you cannot, by definition, have the full access to the single market if you don’t tick the box.”

The “preconditions” Britain would have to accept for full access would include freedom of movement, budget contributions and the jurisdiction of the European Court of Justice – all thing ruled out by Ms May in the long term.

Brexit: the deciders

Brexit: the deciders

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    European Union’s chief Brexit negotiator, Michel Barnier speaks to the media as he arrives at the Council of the European Union ahead of an EU Council meeting on April 29, 2017 in Brussels, Belgium. The 27 members of the European Union will meet in Brussels for a special European Council meeting to discuss the continuing Brexit negotiation

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    French President Emmanuel Macron (R) at the Elysee Palace, in Paris

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    German Chancellor Angela Merkel

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    Commission President Jean-Claude Juncker

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    The European Parliament’s chief Brexit negotiator Guy Verhofstadt gestures as he addresses a press conference with the European Parliament president after Britain initiated the process to leave the EU

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    Britain’s Prime Minister Theresa May stands on the flight deck and speaks to crew members of the 65,000-tonne British aircraft carrier HMS Queen Elizabeth after it arrived at Portsmouth Naval base, its new home port on August 16, 2017 in Portsmouth, England. The HMS Queen Elizabeth is the lead ship in the new Queen Elizabeth class of supercarriers. Weighing in at 65,000 tonnes she is the largest war ship deployed by the British Royal Navy. She is planned to be in service by 2020 and with a second ship, HMS Prince of Wales, to follow

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    Brexit Secretary David Davis in central London

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    Britain’s Chancellor of the Exchequer, Philip Hammond, leaves 11 Downing Street, in central London

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He added: “So it’s something perhaps between this full access and a trade agreement.”

Mr Macron said specifically that allowing the UK’s financial services sector access was “not feasible” if the UK did not accept the obligations.

But he also insisted he did not want to “unplug” the City from the EU, adding: “It doesn’t make sense, because it’s part of the whole financing of our European Union.”

Emmanuel Macron and Theresa May arrive at Sandhurst

Asked if it was inevitable that Britain would leave, he replied: “I mean, it’s on your own. It depends on you.

“I mean, I do respect this vote, I do regret this vote, and I would love to welcome you again.”

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