S&P Says It's Difficult to Fathom How U.K. Can Avoid Hard Brexit

  • Possibility of quitting single market a risk to outlook
  • Reconciling immigration, trade remains sticking point in talks

The U.K. is probably headed for a hard Brexit and, alongside the “schisms” in British society that the referendum has revealed, the economic fallout remains a risk, according to S&P Global Ratings.

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