As shown on the monthly chart, the pair has already achieved our target correctly.
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Senior British officials have privately discussed the idea as a fall-back option that could be triggered if negotiations go wrong, three people familiar with the matter said.
Prime Minister Theresa MayPhotographer: Jack Taylor/Getty Images
The plan is not the U.K.’s preferred outcome, but some in May’s administration believe it could be necessary in case the EU tries to renege on a future commitment to a free-trade deal.
The proposal comes at a sensitive time, with British ministers seeking in public to build mutual trust with the EU rather than stoke suspicions. The U.K. is trying to persuade the bloc to cooperate on plans for an ambitious trade agreement, which will come into force after the split.