ASSESSMENTS

What If Brexit Happened Without an Exit Deal?

MIN READJul 30, 2018 | 09:00 GMT

British and EU negotiators have encountered a number of sticking points in talks over what the relationship between the entities will look like after Brexit. If those differences cannot be worked out, there's a possibility that the United Kingdom will depart the union with no deal in place, leading to a host of complications.

(JOHN THYS/AFP/Getty Images)

Negotiators for the United Kingdom and the European Union are racing the clock to reach agreements on a long list of remaining issues before the United Kingdom formally leaves the bloc on March 29, 2019. Ongoing discussions are focused on a Withdrawal Agreement that would establish the legal terms of the United Kingdom's exit and a political declaration outlining the general framework for future ties between the European Union and the United Kingdom. London and Brussels would ideally like both documents to be finalized in time to be signed during a European Council summit in October. But negotiators are still far apart on both deals, opening the door for a no-deal scenario, in which Brexit would happen without any prearranged conditions. If that happened, the economies and the political and institutional systems of both would have to cope with a number of possibly disruptive effects....

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