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 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 Organisation rules. In a significant boost to their case, one of the EU’s most senior legal experts argued the UK could withdraw article 50 without the consent of other member states. Article 50 is silent about whether it can be revoked before the withdrawal day.

Source: The Guardian December 22, 2017 10:45 UTC