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Originally Posted by OLD BOY
We are not staying in the customs union because this means we cannot secure our own trade deals. However, that doesn't mean that we cannot benefit from some aspects of it.
If we are and remain in line with the EU's regulatory rules, I see no reason why this can't work.
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We could well mirror the customs union and not sign our own trade deals; it's an unknown.
An interesting article in today's FT "The UK has tied its Brexit hands" by Martin Sandbu predicts how things could well end up:
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Fourth and finally, this would not actually be such a bad deal for Brexit Britain. Unless Northern Ireland has a special status, “full alignment” as a way to avoid border checks on the island of Ireland will also suffice to avoid border checks between Britain and continental Europe. That would rule out independent free-trade agreements, but would safeguard the UK’s participation in manufacturing supply chains such as car production. Not a bad prize. It would not do anything for services, of course, but on the other hand the British obsession with ending the free movement of people would be satisfied.
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https://www.ft.com/content/ac8fc340-...4-0a1e63a52f9c