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End State Brexit Scenarios

In this section, we will consider five Brexit scenarios, starting with no-deal (without a transition period), which is generally considered as the most chaotic option. However it is more likely there will be a transition period and we will describe four options for the UK-EU relationship after the transition period expires on 31 December 2020. No-deal (with no transition or implementation period) Free Trade Agreement (FTA) Association based on Chequers Joining the European Economic Area (EEA) Membership of European Free Trade Association (EFTA) / Switzerland model

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