Hammond: All Brexit Options Are Open for the U.K.

The video discusses the UK's approach to negotiating its exit and future relationship with the EU. It emphasizes the importance of sovereignty in these negotiations, highlighting that the UK and EU are two sovereign entities. The discussion includes considerations about the customs union and how trade policy is negotiated collectively within it. The UK aims to use its sovereignty to establish mutually beneficial arrangements with the EU.

What are the potential benefits of constructing future collaborative arrangements between the European Union and the United Kingdom?

In what way does the speaker suggest that the United Kingdom can use its sovereignty in negotiations?