The Jersey option looks good for Brexit Britain. It isn't.

If the frenzied speculation is true, this week’s special UK cabinet meeting will end with Britain asking for a customs union with the EU plus accepting its regulation of goods, while rejecting single market rules on services and freedom of movement. This model is generally called the “Jersey option” [article by Sam Lowe, research fellow at the Centre for European Reform] after the British crown dependency in the English Channel, which already has such a relationship with the EU.