UK has four red lines in Brexit negotiations

Bloomberg

Prime Minister Theresa May’s government has ruled out paying contributions to the European Union budget to allow British companies access to the single market, according to a senior aide to Brexit Secretary David Davis, who gave the most specific outline yet of the U.K.’s “red lines” in the coming negotiations to leave the EU.
The government’s Brexit department, which will lead the talks, has identified four key demands on which it will not compromise, Stewart Jackson, who is Davis’s parliamentary private secretary, said on Wednesday. They are: immigration, budget payments, lawmaking, and freedom from the jurisdiction of European judges.
“We are not in the business of developing trade policies,” Jackson said during a fringe event at the Conservative Party conference in Birmingham, England. “But we are in the business of honoring the faith and trust that the British people put in us and the instruction to deliver on June 23 around the key red lines, which are: no contribution to the budget; no jurisdiction for the European Court of Justice; the end of free movement; and British laws being made in our sovereign Parliament.”
While May announced this week that the government will post official notification of Britain’s intention to leave the EU by the end of March, businesses, investors and members of the EU’s 27 other governments have complained that they’re still in the dark on what the U.K. wants. Jackson’s comments are a step forward in knowing what the government negotiation strategy will be.
With a timeframe of just two years to strike a deal, May’s administration is facing calls from global banks and others to reach an interim accord to allow financial services to continue to operate freely across the the bloc after Brexit. The Financial Times reported on Wednesday that government officials were considering paying a fee to the EU to allow the City of London financial district and exporters to continue trading in the single market on an interim basis.