Former British Prime Minister David Cameron on Thursday said that most likely the UK will choose a ‘soft’ Brexit, thereby opting to stay close to the European Union (EU) based on a pre-negotiated deal. He reasoned that if the UK remains a close ally of the EU and leaves this European economic grouping based on negotiated Customs duties with the member states, the effect of Brexit will not have much of an effect on the UK. But if it chooses a ‘hard’ Brexit, it might harm the UK economy in the longer run. “If we leave without a deal, there can be some friction in the longer term,” Cameron said at an interactive session during the annual general meeting of the Indian Chamber of Commerce. Cameron advocated that although the EU, from originally being an economic union, gradually turned out to become a political one, he preferred the UK to stay within the EU as “staying and fighting was a better option” for his country’s interest.
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