Soft Brexit: What are the options?
Brexit isn't a moment or a single day. It's a long-term process. And that begs the question: where is the UK likely to end up?
For companies that operate in European markets that is a huge benefit. It helps protect their complex supply chains, which often see parts cross borders several times during the manufacturing process. So a customs union alone also wouldn't guarantee that trade between Dover and Calais, an economic lifeline for the UK, would be as open as it is now.This is the other main building block for the UK's current economic life inside the EU. Being in the EU single market means all the rules that govern the economy are the same.
But the reddest of the prime minister's red lines is probably her determination to end the free movement of people from the EU. Initially, trading would be done on World Trade Organization terms - which would mean some goods would be subject to tariffs.
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