European Union strikes out UK’s ideal approach to future trade Brussels claims ‘three basket’ approach would breach agreement to prevent ‘cherry-picking’ by UK The EU has ruled out the UK government’s preferred approach to a future trade deal, describing it as a risk to the European project, just as Theresa May is seeking to strike an agreement on the way forward within her cabinet. The inner cabinet is meeting at Chequers on Thursday to try to find an agreement among warring cabinet members on an approach sketched out to ministers by the prime minister’s Brexit adviser, Olly Robbins. Under what is understood to be the prime minister’s preferred model, the UK would stay lock-step in regulatory alignment with the EU in some areas while finding different ways to achieve the same outcomes in other sectors. In the so-called“third basket” of sectors, the UK would in time diverge from the EU and go its own way under the model. Yet, with something close to incend...
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