The British government is examining the possibility of the United Kingdom as a whole remaining aligned to the EU Customs Union for several years to come as a way of resolving the dilemma over its future relationship with the EU and drawing some of the controversy out of the Irish "backstop" obligation, RTÉ News understands.
The UK government has vowed to find an arrangement that will avoid the need for border checks between the Republic of Ireland and Northern Ireland, and to table a "backstop" solution involving regulatory alignment with the EU. Mrs May briefed Leo Varadkar, the Irish prime minister, on the "backstop" proposals at the margins of an European Union meeting in Sofia yesterday.
She said the objectives were that Britain should have its own trade policy with the rest of the world, should have frictionless trade with the European Union and that there be no "hard border" with European Union member Ireland, Reuters reported.
Norway Option: Leaving the customs union, but staying in the EU single market.
The UK authorities will inform Brussels about the willingness to remain in the customs Union of the EU after 2021 due to the unresolved Irish question.
Mrs May said Britain would have an "independent trade policy" after its departure but Ireland has proposed a "backstop" if no new customs arrangements are finalised before the end of the transition period, the Telegraph reports.
He added: "It remains the Northern Ireland secretary's view that a majority of people in Northern Ireland continue to support the current political settlement, and that the circumstances requiring a border poll are not satisfied".
"If I was an investor looking to invest in my own constituency here in Rochdale, or for that matter anywhere across Northern Ireland, I'd want a bit more certainty about how long this is going to last", he said.
Senior ministers met on Tuesday to discuss the government's options for future customs arrangements, but failed once again to agree.
"If the United Kingdom wants to put forward alternatives to that - whether it's an alternative text to the backstop, or whether it's some sort of alternative future relationship between the UK and the European Union - we're willing to examine that".
The former head of Unilever, Niall FitzGerald is of the opinion that Ireland is perfectly positioned to become a global center for research and academia in the post-Brexit world, according to a report published by The Irish Times.
Turkey Option: Leaving the single market and customs unions, while starting a new customs union with the EU.
Serious legal obstacles to the complex "customs partnership" plan could therefore emerge, and the government would not have time to resolve them before Brexit day, Mr. Davis has reportedly pointed out.