ASSESSMENTS

The Future of Brexit in Six Scenarios

Apr 20, 2018 | 09:00 GMT

British Prime Minister Theresa May was in Brussels on Dec. 4, 2017, for Brexit talks with European Commission President Jean-Claude Juncker. The United Kingdom is set to leave the European Union in March 2019.

(JOHN THYS/AFP/Getty Images)

Highlights

Brexit will continue in all likelihood. At the same time, the United Kingdom probably will exit the European Union's single market.
Keeping Northern Ireland in the customs union may be the only way to solve the Irish border question, but this is a scenario London will try to avoid.
A comprehensive free trade agreement is the most likely outcome of the Brexit negotiations. Even the failure to reach an agreement would be a stepping stone for a trade agreement down the line.

The United Kingdom's exit from the European Union, set for March 2019, is less than a year away. The Brexit negotiations include two parts. The first is a withdrawal agreement, to establish the terms of the United Kingdom's departure. London and Brussels expect to finalize this agreement by October. The second part is an agreement on the future trade relationship. The United Kingdom is seeking a comprehensive free trade agreement with the European Union, but such a deal can be signed only after Britain leaves next March because the European Union cannot sign trade agreements with a member state. In recent months, most of the provisions of the withdrawal agreement have been decided, including the future of British contributions to the EU budget and the status of EU citizens living in the United Kingdom and of British citizens living in the European Union. London and Brussels also agreed that Britain will...

Keep Reading

Proceed to sign up

Already have an account?