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I don't know, but the whole point intellectually for Gove and Johnson at least is deregulation, as it is with Patel, Raab and the rest of the Tory right. Their problem is that their deregulation/sovereignty arguments had no impact, so they pivoted to immigration. Now they have a mandate that is very different from the one they sought.
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The Working Time Directive seems to be a red rag to them.
Is it more the threat of additional regulation on financial services,
(especially those, that many of us would consider borderline dubious,
i.e. Cameron's father's activities upwards),
where progressive options Tobin Tax, no jurisdiction swapping to allow non-payment of UK tax on UK sales, limits on Bankers bonusses, UK dependencied declared non-cooperative tax havens, etc,
and
now the very real threat that all Euro transactions would be relocated to the Euro zone,
that will cost the Tory and Kipper moneymen backers their livelihoods?
mespilus
How do Hannan, Gove, Rnige, de Pfeiffel sell the freedom of movement climbdown to a revved up kipper voterbase?
Not certain the EU wuld accept those 'derogations' / ignore those equalising standards, as companies operating from the UK would have significant cost advantages compared to, say German-based factories complying with those standards.