What is one possible consequence of hard Brexit?

In the context of a hard Brexit, one of the main consequences is the potential for increased trade barriers. A hard Brexit signifies the UK leaving the EU without a comprehensive agreement that would allow for a seamless transition or minimal restrictions on trade. As a result, the UK would likely face tariffs, customs checks, and regulatory hurdles when trading with EU countries. These increased trade barriers can lead to higher costs for businesses, disrupted supply chains, and potential shortages of goods, all of which can impact consumers and the overall economy.

The other options reflect outcomes that are either contrary to what a hard Brexit would entail or are not typically associated with such a scenario. Maintaining full EU membership and gaining access to the single market would not occur in a hard Brexit situation, as it denotes a complete departure from EU structures and agreements. Simplified immigration processes contradict the likely outcome of a hard Brexit, which may lead to more stringent immigration controls between the UK and EU. This is due to the end of free movement that was a key principle of EU membership.