CBI's Fairbairn Says Transition Unlocks U.K. Investment

The video discusses the importance of a defined transition period post-Brexit, highlighting the economic implications of uncertainty. It emphasizes the need for businesses to support the transition to unlock investment. The discussion also covers potential trade deal options, such as the Norway and Canada models, and the necessity for creativity in negotiations to meet the needs of both the UK and the EU.

Why is a time-limited transition period considered important for the economy?

• To increase uncertainty in the market

• To ensure a smooth transition without economic instability

• To delay the Brexit process indefinitely

• To avoid any negotiations with the EU

What role does Chancellor Hammond see for businesses in the Brexit transition?

• To relocate their operations outside the UK

• To remain neutral and wait for outcomes

• To invest and support the transition agreement

• To oppose the transition period

What is the current impact of uncertainty on business investment according to the transcript?

• It has no impact on business decisions

• It has encouraged businesses to expand rapidly

• It has caused businesses to hit the pause button on investment

• It has led to increased investment

Which trade deal options are mentioned as being off the shelf?

• India and Brazil models

• USA and China models

• Norway and Canada models

• Australia and Japan models

What is the desired approach for the future trade deal according to the transcript?

• To replicate the Norway model exactly

• To adopt the Canada model without changes

• To create a unique deal with creativity and innovation

• To avoid any trade deals with the EU