U.K. Inc. Told to Prepare for ‘No Deal’ Brexit

The transcript discusses the stalled Brexit negotiations between the UK and the EU, highlighting issues of trust and legal actions taken by the EU against the UK. The UK Prime Minister, Boris Johnson, is preparing to leave the EU without a trade deal, although he remains open to talks if the EU changes its stance. Trust has been damaged by the UK's Internal Market Bill, leading to legal actions by the EU. The likelihood of new talks is uncertain, with both sides keeping the door open but facing significant challenges. The UK must resolve these issues soon to avoid leaving the EU without a deal.

What was the Prime Minister's focus after the Brexit negotiations stalled?

• To prepare for leaving the EU single market and Customs union without a trade deal

• To strengthen ties with the EU

• To negotiate a new trade deal with the US

• To hold a referendum on Brexit

What action did the EU take in response to the UK Internal Market Bill?

• Offered a new trade deal

• Imposed trade sanctions on the UK

• Requested a meeting with the UK Prime Minister

• Initiated legal action against the UK

What is the main issue with the controversial clauses in the UK Internal Market Bill?

• They promote free trade with the US

• They breach international law

• They increase tariffs on EU goods

• They reduce environmental standards

What is the likelihood of new Brexit talks taking place according to the transcript?

• Very high, as both sides are eager to negotiate

• Uncertain, due to damaged trust and lack of incentives

• Guaranteed, as a new deal is already in progress

• Impossible, as all negotiations have been permanently halted

What is the urgency in resolving the Brexit issues according to the transcript?

• To strengthen the UK's position in the global market

• To avoid a no-deal Brexit by the end of the year

• To improve relations with Northern Ireland

• To finalize a trade deal with the US