May's U.K. Brexit Plan Sees Banks Losing Easy EU Access

The video discusses a 98-page proposal for a new free trade area between Britain and the EU, focusing on goods while seeking independence in services. It highlights the challenges of splitting the single market and the unresolved issue of the Irish border. The proposal is controversial, with potential political backlash, especially regarding the European Court of Justice's influence and freedom of movement.

What is the main focus of the new free trade area proposal between Britain and the EU?

• Services

• Goods

• Tourism

• Financial markets

Why is the proposal to split single market access between goods and services controversial?

• It violates the indivisibility of the EU's four freedoms.

• It is too costly for Britain.

• It is not supported by the British public.

• It requires new legislation.

What is the main unresolved issue related to the Irish border in the Brexit negotiations?

• Customs checks

• Trade tariffs

• Fishing rights

• Backstop agreement

What influence does the European Court of Justice have according to the proposal?

• Some influence on regulations for goods

• Limited to financial services

• None at all

• Complete control over all trade matters

What is the potential impact of the proposal on freedom of movement?

• Negotiation for preferential treatment

• Open borders

• No change

• Complete restriction