May's Proposed Brexit Deal Explained - Explaining Brexit

The video discusses the UK-EU Brexit agreement, focusing on Theresa May's proposed deal. It covers the cabinet's mixed reaction, the approval process, and key aspects like the financial settlement, citizens' rights, and the Ireland border issue. The transition period and backstop are explained, highlighting the challenges of maintaining an open border. The impact on financial services, travel, and sectors like farming and fishing is also addressed. The video concludes with the complexities of the negotiations and the potential implications for the UK and EU.

What was the reaction of Theresa May's cabinet to the proposed Brexit deal?

• Indifference

• Mixed reactions

• Unanimous support

• Complete rejection

Which three key aspects are covered in May's Brexit plan?

• Financial settlement, citizens' rights, and hard border prevention

• Financial settlement, citizens' rights, and future trade

• Future trade, citizens' rights, and environmental policies

• Hard border prevention, financial settlement, and education policies

What historical agreement is crucial to understanding the Ireland-Northern Ireland border issue?

• The Maastricht Treaty

• The Good Friday Agreement

• The Treaty of Lisbon

• The Schengen Agreement

What is the purpose of the backstop agreement in the Brexit deal?

• To establish a new trade agreement with the US

• To ensure a hard border between Ireland and Northern Ireland

• To keep Northern Ireland in the EU Customs Union until a final deal

• To allow the UK to leave the EU without any conditions

What is the total amount of the divorce settlement the UK agreed to pay the EU?

• £59 billion

• £49 billion

• £39 billion

• £29 billion

How long must EU citizens live in the UK to gain permanent residency under May's proposed deal?

• Three consecutive years

• Ten consecutive years

• Five consecutive years

• Seven consecutive years

What is the impact of losing passporting rights on UK banks?

• Increase in profits

• Potential loss of up to £9 billion

• No impact

• Expansion into new markets

What will happen to free movement of people between the UK and EU post-Brexit?

• It will be expanded

• It will continue as before

• It will be restricted to students only

• It will end, requiring visas for work

What is the status of UK universities' EU research funding after Brexit?

• It will remain the same

• It will increase

• It will stop

• It will be redirected to other sectors

What concern does the Scottish fishing industry have about the Brexit deal?

• It favors the UK too heavily

• It is too focused on agriculture

• It lacks clarity

• It provides too much access to EU waters