What is the future of the UK's relationship with the EU following Brexit?

Following the UK's decision to leave the European Union (EU), the future of their relationship has been a topic of much debate and speculation. There are several potential paths that the UK and the EU could take in regards to their future relationship.

One possibility is a trade agreement similar to that between the EU and Canada. This would allow for continued trade between the UK and EU, while also allowing the UK to negotiate trade deals with other countries. Another possibility is a free trade agreement, similar to that between the EU and Japan. This could allow for continued access to the EU market for certain industries, but would not provide the same level of access as full EU membership.

On the other end of the spectrum, the UK could choose to completely sever its ties with the EU and rely solely on World Trade Organization (WTO) rules for trade. This would provide the UK with complete autonomy over its trade policies, but could also lead to higher tariffs and barriers to trade with the EU.

Ultimately, the future of the UK's relationship with the EU will depend on negotiations between the two parties. It is likely that there will be some compromise on both sides in order to reach an agreement that benefits both parties.