It has been a year since the United Kingdom held its referendum that signified the end of its membership of the European Union. But 12 months later, no one still knows—except for the U.K. government (apparently)—how Brexit will pan out, though the date it will happen is set: Friday, 29 March 2019.

Prior to the June election, Prime Minister Theresa May’s road to Brexit seemed clear—a “hard” Brexit with no deal on the Single Market or Customs Union, allowing the United Kingdom (in theory) to try to renegotiate new trading terms with the European Union based on mutual advantage once it leaves the 28-country bloc in less than two years’ time.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...