In other words, a no-deal Brexit would be related to slower processing times for payments between the UK and EU, and custom duties would be paid for goods going to and coming from the European single market.
At the moment most experts argue there are three possible scenarios:- If Mrs May's deal is rejected by the Parliament, the UK would be plunged into crisis.
- The UK and EU could reach a good deal. In this case little would be likely to change when the UK leaves the EU.
- According to opinion polls, British society remains deeply divided over Brexit. That's why a second referendum may be "on the table".
With regard to the third scenario above mentioned, we should consider that on 23 June 2016 about 12,000,000 registered voters didn't vote the EU Membership Referendum. We don't know how they would answer the following question: Should the United Kingdom leave the European Union ? And although in June 2016 Leave's margin of victory was 1,269,501 votes, Northern Ireland, Scotland and London voted to remain.