Theresa May presents her softest version of a hard Brexit

Photo: Leon Neal / Getty Images

At the end of a week that saw the major players in Brexit set out their positions for the process, British Prime Minister Theresa May outlined her economic vision for the U.K.'s departure from the European Union in a widely-anticipated speech Friday, telling the EU that "we have a shared interest in getting this right, so let’s get on with it."

What happened: May presented the softest version of a hard Brexit plan that removes the U.K. from the EU's single market and customs unions but still maintains important economic and regulatory links to the EU via a landmark trade deal — all in an attempt to assuage the dueling wings of her party's vision of Brexit.