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Is a soft Brexit better than a hard one?

Hello,

After reading the article below, I kind of wonder whether a soft Brexit would indeed be a better option than a hard Brexit. To be honest, the current situation seems so hazy that it's hard to understand what either of these actually entails. I'm curious to hear what others think about this?


2 Answers

Hi Rob, as I understand it, a transitional deal means that the UK and the EU will negotiate new agreements which would affect trade, movement of people...Obviously, this is going to take a long time and some people are worried that the EU will try to squeeze more money out of the UK. But the big advantage of a "soft" divorce is that hopefully, it will help maintain good trade relationships between UK and EU businesses. 

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Basically, hard Brexit would be a fast break from the EU where the UK is going to put itself first at all costs. Brexiteers say that this will help the UK expand its trading relationships with more countries, especially within the Commonwealth. Investors and business owners have been worried that such a drastic break would hurt the pound and make the UK less attractive, so May's speech in Florence appeased those concerns but angered the pro-Brexit people. Honestly, nobody should be surprised that this divorce is going to cost us ££, it's only fair that the EU asks this, otherwise everyone would leave and then ask for the same advantages of the single market without giving anything back. 

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