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UK's May says model for Brexit deal may not exist yet


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By Gavin Jones ROME (Reuters) - Britain's future ties with the European Union may not mirror any of the existing relationships between non-EU countries and the bloc, Prime Minister Theresa May said on Wednesday after meeting her Italian counterpart. The Financial Times reported on Wednesday that international trade minister Liam Fox was pressing May to pull out of the EU's customs union, an area in which there is free movement of goods but where tariffs are imposed on external borders. Fox has said a free trade agreement with the EU was more likely than staying in the customs union, which could restrict Britain's ability to negotiate lower tariffs with other trading partners, the Wall Street Journal reported on Tuesday.

 

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