Labour leader Jeremy Corbyn gave a speech in the UK laying out what he wants Brexit to look like. It is in contrast to what UK prime minister Theresa May wants.

However, neither May's proposal nor Corbyn's proposal is acceptable to the EU. Corbyn is playing politics, and it may well lead to the collapse of the UK government, but it won't stop Brexit.

Daniel Hannan ? @DanielJHannan

I'm starting to think that these talks may fail. The U.K. has again offered close co-operation in good faith. Guy Verhofstadt responds by telling MEPs that Northern Ireland must have identical regulations to the Republic. He must know that no British government could accept that.

That's the short version. Eurointelligence provides the long version.

Jeremy Corbyn's speech was a bit of a downer in our view. He gave us Labour's version of having your cake and eating it: a bespoke customs union of the kind the EU is unlikely to agree to. He accepts partial regulatory alignment, but not membership of the single market.