U.K.'s Truss Sees a Transition and End Deal on Brexit

The transcript covers the UK government's stance on Brexit, with Boris Johnson supporting Theresa May's transition plan. It discusses the government's strategy, emphasizing a two-year transition period, and addresses business concerns about Brexit-related infighting. Philip Hammond's comments on the Labour Party and economic policies are highlighted, along with the benefits of free market economics and past reforms. The government aims to secure a deal swiftly to ensure business confidence and economic stability.

What is the expected duration of the Brexit transition period as discussed by Boris Johnson?

• One year

• Indefinite

• Around two years

• Three years

What concern did the British Chambers of Commerce express regarding the government's Brexit strategy?

• Lack of public support

• High unemployment rates

• Impact of infighting on business confidence

• Insufficient transition period

What is the government's main focus to address business concerns during the Brexit transition?

• Extending the transition period

• Reducing public spending

• Securing a deal quickly

• Increasing taxes

What economic benefit is highlighted as a result of the government's market reforms?

• Decreased foreign investment

• Lowest unemployment rate since 1975

• Increased unemployment

• Higher inflation rates

What is emphasized as crucial for maintaining economic progress in the UK?

• Limiting foreign trade

• Supporting businesses and fostering competition

• Increasing government control over markets

• Reducing innovation