EFTA isn't an option at the moment, because the existing EFTA countries don't want the UK.
The rumour is that the UK might be offered an EFTA-style or EEA option, but not until after the German election. I guess it depends whether Merkel or Schulz wins.
Either might be easier for the government or Labour to "sell" to the public, but the UK would still be in a worse position than it is now and wouldn't solve the Ireland and Gibraltar issues.
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