A "hard" Brexit is becoming more and more feasible according to senior diplomats in Europe as the United Kingdom makes preparations to leave the European Union.
The vote for Brexit indicated the UK's desire to decrease EU immigration, end paying the union and make new deals with other countries.
This is against the European Union's customs which told British politicians, "If you don't want to pay into the EU budget and make free-trade agreements with third countries, then you are completely out."
One senior diplomat even told the Guardian that a hard Brexit was inexorable because it was "hardwired into the referendum."
What does this mean?
As U.K. heads on its path to surrender its EU membership, the country is more than likely to exit the union's consolidated market and the customs that entitles member-country to free circulation of goods among EU nations.
Under this scenario, while a new trade agreement is being authored, British banks would lose the permission that has allowed them to function across the continent. How long? The length of time it takes to come up with the final draft of the agreement is yet to be determined.
Michel Barnier, European commission's chief Brexit negotiator, plans to visit the countries of membership and weigh the options on Brexit in order to draft the appropriate positions on trade, foreign policy and budget, which is expected to produce conflicts and will definitely be bitterly contested.
European diplomats have already rejected British politician. Boris Johnson's claims that the United Kingdom may have a chance of maintaining access to the market without honoring the rules laid out by the European Union. This stance was reiterated amidst warnings from British officials that the break up would become messy unless considerations to the UK are given before official negotiations take place.
