Brexit Options Leave U.K. Economy 'Worse Than Now,' Westmacott Says

The video discusses the complexities of Brexit negotiations, focusing on the Withdrawal Treaty and future UK-EU relations. Key issues include the Northern Ireland border and the UK's position in the customs union. Economic implications are highlighted, with concerns about losing frictionless trade and control over regulations. Companies are reacting by relocating operations due to uncertainty. The video emphasizes the challenges and potential negative outcomes of Brexit.

What are the two main components of the Brexit negotiations discussed in the video?

• The Withdrawal Treaty and the future relationship with the EU

• The Good Friday Agreement and the customs union

• The Northern Ireland border and the single market

• The European Commission's regulations and the UK Parliament's approval

Why are some ministers in Theresa May's government concerned about remaining in the customs union?

• They fear it might lead to increased taxes

• They worry it will lead to a new referendum

• They think it will strengthen the UK's position in the EU

• They believe it could prevent the UK from fully leaving the EU

What is a major concern for the UK if it remains in the customs union without a say in EU regulations?

• The UK will have to adopt the Euro

• The UK will lose its seat in the United Nations

• The UK will continue to pay into the EU without influencing its rules

• The UK will have to increase its military spending

How are financial service institutions reacting to the uncertainty of Brexit?

• They are increasing their investments in the UK

• They are moving staff and resources to other European capitals

• They are lobbying for a second referendum

• They are cutting ties with the EU completely

What might happen to UK manufacturing if frictionless trade is not maintained post-Brexit?

• Manufacturing will see a significant increase in exports

• There will be a rise in domestic production

• Disinvestment in UK manufacturing supply chains may occur

• The UK will become a leader in global manufacturing