UBS's Wraith Says Gibraltar Shows EU's Brexit Leverage

The transcript discusses the complexities of Brexit negotiations, focusing on the challenges posed by the Irish situation and Gibraltar's unique position. It highlights the UK's strategy to maintain the status quo while negotiating Brexit terms, emphasizing the difficulties in aligning with EU regulations and the implications for future trade deals. The discussion also covers the potential economic risks for the UK and the need for regulatory alignment to preserve EU border integrity.

What is one of the main challenges in the Brexit negotiations according to the first section?

• The UK's desire to join the EU.

• The intractable nature of the Irish situation.

• The EU's lack of interest in negotiations.

• The UK's economic growth.

What conflicting desires do Gibraltarians have according to the second section?

• To join the Commonwealth and the EU.

• To stay part of the UK and the EU.

• To remain part of Spain and the EU.

• To become independent and join the EU.

What is the UK's initial stance in the Brexit negotiations as mentioned in the third section?

• To remain completely independent of EU influence.

• To join the EU as a full member.

• To align closely with the EU's starting position.

• To diverge from EU regulations and strike bilateral trade deals.

What is a potential consequence of the UK's negotiation stance discussed in the third section?

• Complete independence from EU regulations.

• Immediate resolution of the Irish border issue.

• Downside risks to the UK economy.

• Increased economic growth in the UK.

What does the EU insist on during the transitional period as mentioned in the third section?

• Immediate cessation of all negotiations.

• Full regulatory divergence from the UK.

• Jurisdiction of the European Court of Justice over EU citizens.

• Complete independence for the UK.