“It is very clear that a standard Comprehensive Free Trade Agreement, with other key agreements on issues like law enforcement, civil nuclear, and aviation alongside, all in line with the Political Declaration, could be agreed without major difficulties in the time available.
“Both sides have tabled full legal texts, there are plenty of precedents, and there is clearly a good understanding between negotiators.
“The major obstacle to this is the EU’s insistence on including a set of novel and unbalanced proposals on the so-called ‘level playing field’ which would bind this country to EU law or standards, or determine our domestic legal regimes, in a way that is unprecedented in Free Trade Agreements and not envisaged in the Political Declaration.
“As soon as the EU recognises that we will not conclude an agreement on that basis, we will be able to make progress.”
The EU believes if the UK gets access to unprecedented, privileged access to special trade agreements, it could undermine other member states.