Brexit: Are markets underestimating the chances of the UK not leaving?
Given the current reality and unclear time horizon, at the moment, the soft Brexit or fudge option is not a solution as much as a way of avoiding the hard choices.
ALTHOUGH markets generally still seem to assume that the United Kingdom and the European Union (EU) will agree to some form of "soft Brexit", neither the definition nor the time horizon is clear.
For most observers, soft Brexit carries with it the connotation that trading arrangements in both goods and services will be largely unchanged. But does that mean such an agreement within the prescribed timescale is something the EU member states will accept, or is it a holding pattern while the terms are negotiated post-exit?
Two versions of soft Brexit: Decide now...
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