The future of Brexit

Introduction

The UK was originally scheduled to leave the EU on 29th of March, 2019. However, on the 15th of March, 2019, the British Parliament voted to seek an extension of the deadline, to have more time to come up with a deal that can be accepted by both Parliament and the EU. The extension was initially scheduled to last until the April 12, but a few days before the deadline the EU granted a further extension lasting until the October 31, 2019. As the UK failed to meet that deadline too, EU finally accepted a so-called 'flextension', which set a new deadline on January 31, 2020, but also included the option of leaving earlier if an acceptable agreement can be found before then.

Four main possibilities

Since the referendum, there have been a few different possibilities for Brexit.

One option is a hard Brexit. This would mean that the UK would refuse to compromise on certain aspects with the EU – such as the free movement of people. In turn this would lead to the UK leaving the Single Market and giv...

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