May Backs Plan to Scrap Backstop

The transcript discusses the challenges Theresa May faces in getting Brexit through Parliament, particularly concerning the Irish backstop. The EU has stated that the current deal is final, but some countries are open to extending the deadline with conditions. Businesses, like Bank of America, are preparing for a no-deal Brexit by relocating jobs, indicating their desire for certainty. This business pressure may influence the EU to grant the UK more time.

What is one of the main challenges Theresa May faces in getting the Brexit deal approved?

• Increasing trade with non-EU countries

• Reducing tariffs on EU goods

• Gaining support from the US government

• Convincing the EU to change the Irish backstop

Which countries have expressed willingness to consider extending the Brexit deadline?

• Italy and Spain

• Netherlands and Belgium

• France and Germany

• Portugal and Greece

What is a potential condition for extending the Brexit deadline?

• Increasing EU membership fees

• Reducing UK immigration

• Maintaining the current agreement

• Eliminating the Irish backstop

How are businesses reacting to the uncertainty surrounding Brexit?

• They are waiting for a final decision before taking action

• They are moving operations to other EU countries

• They are increasing investments in the UK

• They are reducing their workforce in the EU

What action is Bank of America taking in response to Brexit uncertainties?

• Increasing its workforce in London

• Moving jobs to Paris and Frankfurt

• Expanding into Asian markets

• Closing its European operations