Hammond: All Brexit Options Are Open for the U.K.

The video discusses the UK's approach to negotiating its exit and future relationship with the EU. It emphasizes the importance of sovereignty in these negotiations, highlighting that the UK and EU are two sovereign entities. The discussion includes considerations about the customs union and how trade policy is negotiated collectively within it. The UK aims to use its sovereignty to establish mutually beneficial arrangements with the EU.

What is the primary focus of the UK's preparation for negotiations with the EU?

• Joining another union

• Negotiating as a sovereign entity

• Establishing a new currency

• Maintaining existing structures

What is the UK's stance on existing arrangements with the EU?

• They should be strictly followed

• They should not constrain new negotiations

• They should be expanded

• They should be disregarded

What is a key consideration when discussing the customs union?

• The ability to negotiate independently

• The need to adopt a new currency

• The requirement to join NATO

• The obligation to follow EU laws

How does the UK view its sovereignty in relation to the EU post-Brexit?

• As a shared responsibility

• As a means to make independent decisions

• As a reason to rejoin the EU

• As a barrier to trade

What is the potential benefit of the UK and EU reaching new agreements?

• Adopting a single currency

• Increased tariffs

• Mutual benefits

• Isolation from global markets