Article 50 specifies exactly what will happen: WTO rules will apply.
I think most people now are assuming WTO and considering anything else to be a bonus.
I think most people now are assuming WTO and considering anything else to be a bonus.
For example, „which form do you have to fill with which information in how many copies, in order to export pastry?“.
That‘s much faster than a real trade deal, because it‘s mostly administrative, but it is still a hurdle to clear before you can trade under „WTO rules“.
And now do that for a gazillion sectors and special cases. With every trading partner.