Norway or Switzerland

It transpires that Norway might not be too warm on the prospect of the UK joining the European Free Trade Association. Their European affairs minister is quoted as having reservations that the UK (10x the population of Norway) might dominate the small group. Whilst not without its issues, the EFTA route was considered by many to be the closest alternative to EU membership. With the prospect of Norway vetoing the UK’s membership, the City is now thought to be pushing for a Swiss-style series of bilateral agreements. This ‘pick and mix’ type arrangement may create multi-tier access to the single market across different industries.