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.