[Ignitionnet]

PM's Florence speech done. EEA / Single Market / Customs Union excluded as options. Transition period where existing rules apply for 2 years, so leaving EU end of March 2019, remaining in EEA in all but name until 2021.

Nigel Farage and Aaron Banks are furious. Sky just interviewed a couple of people in Sunderland. One irate about the money, they expected it all to be coming back home, very strange given no-one believed 'that' bus, the other more pragmatic about it.

She's basically just kicked the can down the road. Still no clearer on what we actually want, just what we don't want. I'm not convinced this is going to settle the nerves of business at all, if anything it may give them more time to carry out contingency plans. Those hoping the UK would remain in the CU have had it made very clear to them that's not on the table.

EDIT: Incidentally, asking for an 'implementation period' when we still have no idea what we're implementing just makes it abundantly clear A50 was triggered prematurely for the wrong reasons.