Chequers Trade Plan 'Doesn’t Fly' for EU, Duncan Smith Says

The transcript discusses the debate over the Checkers plan versus a Canada-style free trade agreement with the EU. Jacob Rees-Mogg and others argue for a clean break from the EU, advocating for a free trade deal that respects UK sovereignty. The Checkers plan is criticized for making the UK a rule-taker. Business perspectives are mixed, with some supporting Checkers for stability, while others prefer a free trade deal. Boris Johnson opposes Checkers, calling it a bad deal, and supports a free trade agreement that Parliament might back.

What is the significance of the term 'Canada style free trade agreement' in the context of the discussion?

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What are the implications of being 'rule takers' from the European Union as mentioned in the text?

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