I think we would have to make our own deals Col, because we would not be covered by any treaties made by the EU. Services aren’t covered at all so we can do what we want there. But I think for goods we would have to maintain EU standards and regulations and accept new ones as they come along, and also stay within the EU VAT agreement (which is good because it means we don’t pay VAT twice on stuff). So we would be a ‘rule taker’.
If I think it’s ok I can’t imagine Rees Mogg would find it acceptable, so I might be missing something, I’m going to have another look at it.
Sorry, just noticed I have answered this twice, which is what happens when you decide to walk the dog before the rain sets in in mid thought......anyway, here is the gist of the Jersey Model:
“The formal relationship between the Channel Islands and the EU is enshrined in Protocol 3 of the UK’s 1972 Accession Treaty, and confirmed in what is now Article 355 (5) (c) of the EU Treaties. Under Protocol 3, the Islands are part of the Customs Union and are essentially within the Single Market for the purposes of trade in goods, but are third countries (i.e. outside the EU) in all other respects. However, the Channel Islands have a close relationship with the EU in many different fields, not simply those covered by the formal relationship under Protocol 3. Both Jersey and Guernsey voluntarily implement appropriate EU legislation or apply the international standards on which they are based.”
And here is the detail
https://www.channelislands.eu/eu-and-the-channel-islands/#1522224084706-603e80b1-9802
So, out of EU, in customs union and single market for goods, not services, no free movement of people, no prohibition on trade deals (as long as those for goods are consistent with the single market).
As this is entirely acceptable to me (and presumably all but the most fanatical remainers) and should be to any Brexit voter with immigration high up their list of concerns, it might have some legs.
Interesting speculation about why this is being discussed now - the EU is genuinely concerned that the extreme Leave propaganda is working and that EU ‘instransigence’ will be blamed for a no deal. So in an incredibly Machiavellian move they have made May an offer which looks like a climb down on the face of it but which is impossible for her to accept without breaching her red lines on the Single Market and Customs Union. So if she does reject it the blame switches back to her. They must be delighted with they way that the pro Brexit UK media are presenting this, really strengthens the chances of it happening.
I sincerely hope this compromise is seriously discussed and agreed. Nobody gets everything they want but everyone gets something, grown up solution.