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It has access to the goods trade in return for signing up to EU rules.
But has limited access to other areas such as financial services. Bankers don’t have full access to the internal market and have to do cross border finance via London and Luxembourg.
That would pose a threat to the City of London.
It can’t do business in agriculture.
That’s because it gives its farmers much more than they would get from the EU.
And the EU has got fed up with those special bilateral deals.
It has told Switzerland if it wants to get into more sectors like energy
which is very profitable
It will have to be like Norway
And apply all the EU trading laws.
And if we wanted to be like Switzerland we would still pay into the EU budget. A little over half of what we pay now but with much reduced access to the single market.