No-Deal Brexit 'Unlikely, But Possible,' U.K.'s Fox Says

The transcript discusses the uncertainty surrounding Brexit, focusing on the legal framework, potential delays, and political implications. It highlights the importance of reaching a deal with the EU and the risks of a no deal Brexit. The conversation also covers trade agreements and the potential impact on UK trade, emphasizing the need for preparation to mitigate disruptions.

What are the two main ways to change the UK's exit from the EU according to the law?

• Hold a new referendum or change the law

• Delay the exit indefinitely or change the law

• Negotiate with other countries or reach a deal

• Change the law or reach a deal

What is a major risk when politicians fail to deliver on promises?

• Increased globalization

• Fracturing of political systems

• Improved voter engagement

• Economic growth

How many trade agreements does the UK have in operation or not in operation?

• About 10

• About 20

• About 37

• About 50

What percentage of the UK's total trade is covered by the top five agreements?

• 15%

• 11%

• 8%

• 5%

What is the likelihood of a no-deal Brexit according to the speaker?

• Already decided

• Highly likely

• Unlikely but possible

• Impossible

What is one of the potential challenges of a no-deal Brexit?

• More trade with the EU

• Lower tariffs

• Trucks stuck at borders

• Increased tourism

What percentage of the UK's exports is non-EU?

• 76%

• 46%

• 56%

• 66%