On Thursday The Times obtained a draft of Theresa May’s plan for Brexit. Sam Lowe, of the Centre for European Reform, analyses the prime minister’s preferred way forward

Essentially Mrs May is going for Jersey (single market for goods, customs union). With some caveats.

The single market for goods bit is pretty clear (although questions remain as to the expected governance mechanism) with eventually the new customs partnership kicking in, which is essentially a customs union with the opportunity for businesses to claim a rebate if the UK has a lower external tariff on a given product in the future. However, until the new customs partnership (NCP) is functional, Mrs May envisions that the backstop proposal — a customs union — would apply.

Free movement