May Says Neither U.K. Nor EU Will Get Exactly What They Want

The transcript discusses the complexities of global trade, focusing on the need for the UK to regain control over its laws while maintaining a frictionless border with the EU to protect integrated supply chains. It highlights the challenges in negotiations, particularly the EU's suggestion of an off-the-shelf model and the need for a balanced deal. The discussion also touches on the importance of maintaining similar regulatory standards to avoid market access issues.

What is one of the main reasons the UK wants a frictionless border with the EU?

• To increase tourism

• To protect integrated supply chains

• To reduce immigration

• To enhance cultural exchange

What model has the EU suggested as the only option available to the UK?

• A Norway-style deal

• An off-the-shelf model

• A bespoke agreement

• A Switzerland-style deal

What does the EU aspire to achieve in its deal with the UK?

• A unilateral agreement

• A balanced, ambitious, and wide-ranging deal

• A temporary and flexible arrangement

• A limited and narrow agreement

Why does the EU believe a Canada-style deal is not suitable?

• It would not provide enough market access

• It would be too costly

• It would require too many resources

• It would be too complex to implement

What is a key challenge mentioned in the negotiation process between the UK and the EU?

• Both sides can have exactly what they want

• Only the UK can have what it wants

• Neither side can have exactly what they want

• Only the EU can have what it wants