Michael Russell gives speech on how Brexit will impact on the Scottish economy

The video discusses the critical importance of the single market and customs union, highlighting the lack of support for alternative relationships. It addresses business concerns over the transition deal and the potential need to relocate operations within the EU. The UK government is preparing for phase two of negotiations, with significant challenges ahead. The video stresses the importance of engaging devolved nations in the negotiation process and highlights the current impasse in discussions, urging readiness for future negotiations.

What is emphasized as crucial for businesses in light of the UK's exit from the EU?

• Reducing workforce

• Investing in new technologies

• Preparing for potential relocation within the EU

• Expanding operations within the UK

What is the main concern as the UK moves from phase one to phase two of negotiations?

• The need for more international support

• The increased difficulty of phase two negotiations

• The lack of progress in phase one

• The financial implications of the negotiations

Why is it important for the UK Government to engage with devolved nations during negotiations?

• To speed up the negotiation process

• To ensure a diverse range of ideas and evidence

• To reduce the cost of negotiations

• To comply with international laws

What is causing the current impasse in the negotiations?

• The EU's refusal to negotiate

• The UK's failure to amend the withdrawal bill

• A lack of interest from businesses

• The Scottish Government's opposition

What is the stance of the negotiators despite the challenges faced?

• They are ready to discuss and negotiate

• They are planning to withdraw from negotiations

• They are unwilling to compromise

• They are focusing on other international deals