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            What does 'hard' or 'soft' Brexit mean and where do existing models fit

            There has been much debate about what relationship the UK wants with Europe, with the understanding that there is trade-off between autonomy and access to EU markets. This has led to the talk of a ‘hard’ or ‘soft’ Brexit. Though somewhat misleading, these terms are used to distinguish between a much more detached relationship (‘hard Brexit’) and one that is closer to our current membership (‘soft Brexit’).

            To help you understand the various terms and their implications in more detail Grant Thornton has produced the following guide. This is illustrative and designed with the understanding that there are a wide range of dynamic factors at play, and the choices facing the UK are far from binary.

            A guide to Brexit terminology

            What does 'hard' or 'soft' Brexit mean and where do existing models fit.

            For more information on our work on Brexit and how we can help, please contact your usual relationship manager or contact Adam Jackson.