The EU insists the UK heed to four fundamental principles.

Free movement of good

Free movement for workers

Right of establishment and freedom to provide services

Free movement of capital

On the other side of the table, The UK insists it will not abide by rule number 2 and that it is better off outside the arcane tariff procedures and other policies of the EU.

Obvious Bluffs

Irish Prime Minister Enda Kenny warns Brexit 'impossible' within two years. That statement comes from a man who does not want Brexit and whose mission now is to delay Brexit so long it doesn't happen.

Meanwhile, Germany's finance minister Wolfgang Schäuble boasts Britain can't lower corporation tax because the UK still has EU commitments.