The cross-party Brexit select committee issued the document, which was prepared to aid thinking inside government about possible scenarios, on Thursday. We would continue to have unfettered access to EU trade, but the pledge to “take back control” of laws, borders and money would not have been fulfilled. The UK would still be subject to EU rules. The Canada deal A comprehensive trade deal like the one handed to Canada would help British traders, as it would lower or eliminate tariffs. No deal Britain leaves with no trade deal, meaning that all trade is governed by World Trade Organization rules.

Source: The Guardian March 08, 2018 13:02 UTC