What to Expect From the Start of Brexit Negotiations

The transcript discusses the political tensions within the UK government regarding Brexit, highlighting the differing stances between the Prime Minister and the Chancellor. It explores the complexities of negotiating a new customs union deal with the EU and the challenges of establishing bilateral trade agreements. The discussion also covers the potential outcomes of Brexit, including the timeline for negotiations and the issues of EU citizens' rights and UK financial obligations. The uncertainty surrounding these negotiations is emphasized, with a focus on the impact on trade and market access.

What is one of the main challenges faced by the UK Prime Minister regarding Brexit?

• Lack of a clear mandate and majority

• Support from the Chancellor

• Strong public approval

• Unanimous government agreement

What is the UK's plan for trade deals post-Brexit?

• Forming a new customs union with the EU

• Relying solely on EU trade agreements

• Avoiding any trade deals

• Focusing on domestic trade only

Why might Australia be hesitant to form a bilateral free trade agreement with the UK?

• Australia prefers a free trade agreement with the EU

• Australia is focusing on domestic trade

• Australia has no interest in international trade

• The UK has no trade agreements with any country

What is the first priority for the EU in the Brexit negotiations?

• Discussing trade agreements

• Addressing the rights of EU citizens in the UK

• Establishing a new currency

• Finalizing the customs union

When is the EU expected to discuss trade and market access with the UK?

• Before any other issues are addressed

• Immediately at the start of negotiations

• After the UK leaves the EU

• After resolving citizens' rights and financial obligations