A good summary. I was quite hopeful we would come to a mutually beneficial deal as it is in all our economic and political interests to do so. But some of the noises coming out of Brussels have been quite alarming, hopefully it's just initial negotiation posturing. Saying that I think it's vital the EU side realise we really are prepared to walk away if neccassery.
If the other side doesn't believe that we are prepared to walk away then there's no point in starting negotiations. Without that option they can demand anything they like, knowing that they'll eventually get it.