There is a simple and easy answer to the latest EU paper on Transition – No thanks.
The UK should refuse it politely, and say we need to discuss both transition and what we are in transit to at the same time. Ideally we will not need transition. We have 13 months left to sort out what needs sorting out. The EU should change its self imposed rule – which is not a legal requirement – that it cannot talk about trade until after we have left. We should aim to have a Free Trade Agreement ready to sign and implement on 30 March 2019.
If the EU will not enter into positive talks for a Free Trade Agreement now, we should prepare to leave with no Agreement, which means no extra money for the EU.