Brexit: What a Difference a Transition Deal Makes

9/22/2017 - Infographic and chart
ic_blogtagEconomic OutlookUnited KingdomAdvanced EconomiesBrexitEuropean Union (EU)Eurozone

​The UK government will opt for a Brexit transition deal – and for good reason.

The agreement on a time-limited, status-quo transition deal will limit the negative impact on the UK economy in 2019. The UK would stay firmly in the Single Market for the duration of the deal thereby avoiding a cliff-edge scenario. Yet in return it would have to: pay into the EU budget adhere to EU law refrain from controlling EU migration despite no longer being a member of the EU.

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