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 main reason for preferring a Canada-style free trade agreement over the Checkers deal?

• It reduces the need for border checks.

• It increases trade with non-EU countries.

• It allows for more EU regulations.

• It offers a cleaner break from the EU.

Why is the Checkers deal criticized in terms of UK regulations?

• It increases trade barriers with the EU.

• It makes the UK a rule-taker from the EU.

• It allows the UK to set its own rules.

• It reduces the UK's global trade opportunities.

What is a major concern for businesses regarding the Checkers deal?

• It focuses only on companies that export to the EU.

• It increases the complexity of trade with non-EU countries.

• It provides too much freedom for exporters.

• It reduces the UK's control over its borders.

What is Boris Johnson's stance on the Checkers deal?

• He supports it as a viable option.

• He believes it is a bad deal for the UK.

• He has no opinion on the matter.

• He thinks it will strengthen UK-EU relations.

What is the potential outcome if a free trade agreement is pursued under Theresa May?

• It will likely be rejected by Parliament.

• It will lead to a no-deal Brexit.

• It will gain support from the Labour Party.

• It will almost certainly be backed by Parliament.