Senior EU officials have indicated that Britain must decide the kind of trading arrangement it wants once the UK leaves.
There are concerns in Brussels that UK doesn’t know what kind of trade deal it wants, and frank talks about Britain’s future relationship will not begin in the EU capital until spring 2018.
It’s this Brexit confusion that is formulating glum UK economy forecasts moving forward.
A senior EU official said: “When it comes for the framework for future relations we expect more clarity from our UK colleagues about what the end state, their end objective is.”
“I would say that the time between now and the March European Council is the last call to London to put more details on what is their vision of the framework for the future relations.
“Until now we have heard it’s no single market, no customs union, but it’s a bespoke partnership. If no new elements will come from London then we will work on that basis. We will work on the basis of no customs union and no single market.”
Leading figures will convene on Friday to discuss Brexit and business, and is hoping to learn more about what kind of trading agreement that the UK is seeking with the EU.
Whilst in the UK, it seems not all is well in the Cabinet, as Chancellor Phillip Hammond revealed that the Government had not discussed the end target for Brexit.