At this point severe trade restrictions with the UK would likely mean even more severe imbalances inside the EU and the eventual exit of Italy, Spain and Portugal.
If you don't want the EU controlling any aspect of the UK, you can't have a trade agreement.
Many of the EU regulations are designed to help consumers e.g. data protection.
So the EU bans toasters and kettles that work: http://www.telegraph.co.uk/news/2016/05/10/eu-to-launch-kett...
Vacuum cleaners that work: http://www.telegraph.co.uk/news/worldnews/europe/eu/11047127...
Some of the other bizarre rules...
It's illegal for bottled water makers to claim it's effective against dehydration: http://www.telegraph.co.uk/news/worldnews/europe/eu/8897662/...
They tried to ban jugs of olive oil at restaurants: http://www.telegraph.co.uk/news/worldnews/europe/eu/10064787...
A salmon smoker had to re-do all package to notify people that it contained fish: http://www.npr.org/sections/parallels/2016/05/03/476064362/b...
There's just a lot of bs. Also the common agriculture policy and common fishing policy haven't been great for the UK.
At last a free market where the curvature of the banana is subject to consumer choice.
I myself prefer the straight banana for optimizing my fruit salad.
No it won't, as the EU has become a legislative body governing aspects of people's lives in the UK and it will no longer be the case.