Brexit white paper: There will be more barriers to UK's access to EU market post-Brexit

The UK government released the updated Brexit white paper, which triggered resignations of high profile UK ministers, including David Davis and Boris Johnson, and the key points are:

   •  Facilitated customs arrangement will be as if UK was in a combined territory with EU.
   •  Plans to diverge from EU rules for services, meaning a lower level of access post-Brexit.
   •  Abandons idea of mutual recognition for financial services, will push to enhance equivalence regime.
   •  Will push for mutual recognition of professional service qualifications after Brexit.
   •  Will end free movement of people and the direct jurisdiction of European Court of Justice over Britain.
   •  Plans to allow citizens to travel freely without a visa, for tourism and temporary business activity.
   •  Plans new security partnership that will involve the UK staying in Europol and Eurojust.
   •  Not proposing that EU applies UK's tariffs and trade policy at its border for goods.
   •  Proposals for free trade area in goods after Brexit would pProtect integrated supply chains and just-in-time processes.
   •  Plans a "phased approach" to the implementation of new facilitated customs arrangement.

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