Bloomberg report
EU will over UK a free trade deal deeper than it's ever gone before but will reject May's demand for 'frictionless trade'
EU offer will contain 30-40% of May's pitch for a wide ranging deal, according to two EU diplomats
Talks are accelerating
Offer falls short of what May wants
Both sides hoping for breakthrough before Oct 17 EU leaders meeting
Document likely to say there should be no trade tariffs or quotas with UK but will insist UK doesn't gain advantage via regulation, labor law or state aid
Technical work almost done, save for crucial section on Irish border
EU looking for checks between Northern Ireland and UK mainland
Cable jumped on the headline but quickly gave it back. To me, more and more it sounds like a deal is going to get done. It's a matter of how much the pound is going to like it.
