Second Referendum Seen as More Likely as EU Rules Brexit Can Be Reversed

The transcript discusses the implications of the EU's top court ruling on Brexit, focusing on the legal and political challenges faced by Theresa May. It explores the options available, including the possibility of revoking Article 50, the likelihood of a second referendum, and the potential market reactions if the Brexit deal fails. The discussion highlights the complexity of the parliamentary process and the need for EU agreement to extend deadlines.

What does the ECJ ruling require for the revocation of Article 50?

• A UK court ruling

• A recommendation from the EU

• An act of Parliament

• A decision by the UK Prime Minister

What must the UK government do if Theresa May's Brexit deal fails in Parliament?

• Immediately leave the EU

• Call for a general election

• Announce its next steps within 21 days

• Hold a public referendum

What is a possible outcome if the Brexit vote fails, according to the discussion?

• Immediate implementation of a no-deal Brexit

• Theresa May resigns

• The UK remains in the EU without any changes

• A second vote on the deal

What is the legal requirement for holding a second referendum on Brexit?

• It must be approved by the EU

• It must be mandated by the ECJ

• It requires a unanimous decision by all UK political parties

• It is not a legal requirement but a political decision

How can the Brexit deadline of March 29th be extended?

• By a public vote in the UK

• By a decision of the UK Supreme Court

• Through a bilateral agreement with the EU

• By a unilateral decision of the UK