Soft Brexit - what does this mean?

A Soft Brexit would mean that the UK's relationship with the EU stays as close as possible to the existing arrangements, and is preferred by many Remainers.

The UK would no longer be a member of the EU and would not have a seat on the European Council. It would lose its MEPs and its European Commissioner. But, it would keep unfettered access to the European single market.

Goods and services would be traded with the remaining EU states on a tariff-free basis and financial firms would keep their "passporting" rights to sell services and operate branches in the EU. Britain would remain within the EU's customs union, meaning that exports would not be subject to border checks. 

National models for this sort of deal include Norway, Iceland and Liechtenstein, which are not members of the EU but have access to the single market by being part of the European Economic Area.

In return, these countries must make payments into EU budgets and accept the "four freedoms" of movement of goods, services, capital and people. They are subject to EU law through the Luxembourg-based EFTA Court. Switzerland has a similar arrangement through a series of regularly updated treaties.

It is likely that a "soft Brexit" deal would insist on Britain observing the "four freedoms", meaning continued free access for European nationals to work and settle in the UK.

The alternative - see the 5 point plan.

soft brexit, what does soft brexit mean


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.Written and designed in July 2016