JPMorgan Says Canada-Style Deal Not Enough for U.K.

The video discusses the current economic situation in the EU, highlighting the ECB's positive outlook and the potential for record-high consumer confidence. It examines Brexit negotiations, emphasizing the importance of a transitional deal for market stability. The discussion then shifts to the possibility of a Canada-style trade deal for the UK, noting its limitations for financial services. Finally, it addresses the UK's strategic choice between controlling the movement of people and maintaining free trade and financial services.

What is the expected trend for unemployment in Europe by the end of 2018?

• Fluctuate between 7% and 9%

• Increase to 10%

• Remain stable at 9%

• Decrease to around 8%

What is the primary focus for the UK in the Brexit negotiations according to the transcript?

• Negotiating free movement of people

• Establishing new trade tariffs

• Securing a transitional deal

• Finalizing the financial services agreement

What type of deal is being discussed as a potential model for the UK post-Brexit?

• Norwegian-style deal

• Canadian-style deal

• Australian-style deal

• Swiss-style deal

What is a significant limitation of the Canada-style deal for the UK?

• It imposes high tariffs on goods

• It requires free movement of people

• It excludes financial services

• It does not cover agricultural products

What critical choice does the UK face according to the transcript?

• Balancing free movement of people with free trade

• Selecting a new prime minister

• Choosing between EU membership and independence

• Deciding on a new currency