May Said Weighing Brexit Concessions

The transcript discusses the challenges faced by Theresa May in passing her Brexit deal, including the concept of 'apartment lock' and the Irish backstop veto. It highlights the skepticism among UK ministers and the potential delay of the vote. RBS Chief Ross McEwan emphasizes the need for business certainty amidst Brexit negotiations. The market's reaction to Brexit uncertainty is explored, with assumptions that a no-deal Brexit is unlikely due to its potential economic disaster. The EU's possible extension of Article 50 is mentioned. The transcript concludes with a discussion on financial market volatility and the difficulty in trading the pound due to Brexit uncertainties.

What is the 'apartment lock' concept related to Theresa May's Brexit deal?

• A trade deal with the US

• A new housing policy

• A veto on the Irish backstop

• A financial agreement with the EU

What does RBS Chief Ross McEwan emphasize as crucial for businesses regarding Brexit?

• Increased investment

• Certainty in the marketplace

• Higher interest rates

• More government subsidies

According to the transcript, why is there no alternative to Brexit at the moment?

• The EU has rejected all alternatives

• The UK government has not proposed any

• The need for certainty in business

• The public voted against alternatives

What assumption are the markets making about a no-deal Brexit?

• It will lead to economic growth

• It will strengthen the pound

• It is unlikely to happen due to its disastrous impact

• It will be beneficial for trade

What potential action is the EU considering regarding Brexit?

• Extending Article 50

• Imposing new tariffs

• Canceling Brexit

• Introducing a new currency