Nissan Deal Raises Questions on Trade, Says Lockhart

The transcript discusses the complexities of bilateral trade agreements and the challenges the UK faces in negotiating new deals post-Brexit. It highlights the importance of transitional arrangements to provide business certainty and the economic uncertainties that Brexit introduces. The discussion also touches on government commitments to businesses like Nissan and the need for a solid fiscal policy to address economic challenges.

What is a major concern for the UK when negotiating bilateral trade agreements post-Brexit?

• Maintaining the same terms with the EU

• Increasing tariffs on imports

• Reducing regulatory barriers

• Expanding the single market

What does the EU-Canada trade deal illustrate about EU trade negotiations?

• They are quick and straightforward

• They involve multiple political hurdles

• They are only approved by the European Parliament

• They do not require regional votes

Why are transitional arrangements crucial for the UK post-Brexit?

• To ensure immediate economic growth

• To provide businesses with long-term certainty

• To finalize negotiations within two years

• To eliminate all trade barriers

What economic challenge does the UK face with the implementation of Article 50?

• Increased certainty for businesses

• Potential changes in government during elections

• Immediate economic stability

• Immediate access to new markets

What is a key reason for the UK to focus on fiscal policy post-Brexit?

• To eliminate the need for trade agreements

• To increase interest rates

• To reduce national debt

• To compensate for limited monetary policy options

What is a potential risk of the UK government providing support to specific businesses post-Brexit?

• Reduction in import duties

• Increased global trade

• Violation of WTO rules on subsidies

• Immediate economic growth

What is a concern regarding the UK's national debt when implementing fiscal policy measures?

• Increase in national debt

• No impact on economic growth

• Immediate reduction in debt

• Elimination of all economic challenges