European Union (Withdrawal) Bill

On the definition of what constitutes a single market and a unitary market, my interpretation is that any marketplace’s singularity is simply defined by the friction in the trade and the commerce carried out within it. By definition, it is not really something that we can simply sign up to or leave. It is about the extent to which there is a commonality of regulatory and trading arrangements, and cultural and institutional relationships. Therefore, this definition does not really hold water in that respect.