BT's Rake Sees 5-10 Years for U.K. Trade Transition

The video discusses the critical moment faced due to Brexit, highlighting economic challenges such as inflation, labor availability, and investment concerns. It emphasizes the need for a transition period longer than two years to address legislative and trade treaty challenges, given the UK's long-standing integration with the EU.

What are some of the economic challenges mentioned as consequences of Brexit?

• Surplus of labor

• Devaluation and inflation

• Rising productivity

• Increased foreign investment

What was Chancellor Philip Hammond's main request to businesses at the Conservative Party conference?

• To support a two-year transition period

• To increase their exports

• To relocate to the EU

• To reduce their workforce

Why does the speaker believe a two-year transition period is insufficient?

• It will cause a labor shortage

• It will lead to increased inflation

• It does not allow enough time to reestablish trade treaties

• It is too costly

How many years of legislation does the UK need to address post-Brexit?

• 43 years

• 20 years

• 10 years

• 52 years

What is the average time required to establish trade treaties on a multilateral basis?

• 5 to 8 years

• 1 to 3 years

• 20 to 25 years

• 10 to 15 years