REUTERS/Eric Vidal The European Union will not let the UK keep single market privileges for goods. Theresa May is considering a Brexit proposal based on keeping the UK in the single market for goods but nothing else, according to multiple recent reports. However, the EU will not accept that arrangement, a source close to chief negotiator Michel Barnier told Business Insider. "As soon as give the UK the single market for goods, the market begins to unravel," they said. Prime Minister May is in Brussels for the European Council summit, with Brexit on the agenda. BRUSSELS — The European Union will reject any Brexit deal which allows the UK to remain in the single market for goods, a source close to the bloc's negotiating team has told Business Insider. The UK government is reportedly considering a Brexit policy which would see Britain retain single market membership for goods in order to minimise disruption to UK-EU trade, and go some way to preserving the invisible Irish border.See the rest of the story at Business InsiderNOW WATCH: Why the North Korea summit mattered even if it was 'mostly a photo op'See Also:Theresa May should delay Brexit to avoid catastrophic no-deal EU exit, say MPsLabour says Theresa May's 'rash, reckless and ideological red lines' are trashing Brexit negotiationsThe Brexit vote has already wiped £440 million a week from Britain's economySEE ALSO: 'Time is running out': Why the UK only has 6 weeks left to secure a final Brexit deal DON'T MISS: Theresa May urged to clarify Brexit environment policy as over 1,400 British industrial sites face serious disruption