Ex-Amb. Westmacott Says Brexit 'New Territory' for All

The transcript discusses the UK's readiness for trade negotiations post-Brexit, highlighting the lack of experience due to EU's past competence. It explores the European advantage in negotiations, given their expertise, and the political priorities that will shape early discussions. The dynamics of leverage between the UK and EU are also examined, with both sides having different perspectives on their negotiating positions.

What does the phrase 'Nothing is agreed until everything is agreed' imply in the context of negotiations?

What factors contribute to the UK's perceived negotiating strength according to the speaker?