A HARD BREXIT AWAITS US

According to Standard & Poor, the most likely outcome for the UK is a hard brexit outside the EEA and the customs union (see Reuters HERE).

S & P said that it appeared that Britain's government had not yet accepted that the EU was unlikely to yield on the indivisibility of its four freedoms - the free movement of people, capital, goods, and services.  Eventually perhaps, the penny will drop for the brexiteers.

The EU chief negotiator Michel Barnier said the talks will be neither aggressive or naive (HERE).