For Americans trying to follow the latest twists and turns of the U.K.’s plans to leave the European Union, the jargon can get confusing. There is talk of “hard Brexit,” “soft Brexit” and “no-deal Brexit,” the last of which raises fears of sending the country over a “cliff edge.” A “backstop plan” is supposed to prevent a “hard border” between Northern Ireland and the Republic of Ireland, depending on negotiations over a “customs union.”...

Source: Wall Street Journal December 27, 2018 16:30 UTC