U.K.'s Hammond: Seeking 'The Right Brexit for Britain'

The transcript discusses the implications of Brexit on the financial services sector, emphasizing the need for a mutually beneficial solution with the EU. It highlights the unique challenges faced by the financial sector compared to manufacturing, particularly in the context of WTO rules. The discussion also covers the euro clearing issue and the potential legal challenges if the ECB attempts to dictate euro-denominated clearing post-Brexit.

What is the speaker's main goal regarding Brexit?

• To leave the EU without any deal

• To prioritize manufacturing over financial services

• To ensure a mutually beneficial solution for the UK and EU

• To achieve a hard Brexit

Why is the financial services sector considered different from other sectors in Brexit negotiations?

• It is not covered by WTO rules

• It is already fully integrated with the EU

• It is less important than manufacturing

• It has no specific needs

What is a key issue for the financial services sector in the context of Brexit?

• Euro clearing

• Agricultural tariffs

• Manufacturing regulations

• Tourism policies

What was the European Court of Justice's decision regarding the ECB's power over euro clearing?

• The ECB can impose rules on all EU members

• The ECB can only regulate non-EU countries

• The ECB has no power to enforce such rules

• The ECB has full control

What might happen if the ECB attempts to enforce euro clearing rules post-Brexit?

• It will be ignored by the UK

• It will lead to a legal process

• It will be immediately accepted

• It will strengthen the eurozone