Ed Balls Speech on the EU Referendum at Stansted Airport.

The video discusses the benefits of the EU single market, highlighting a 75% price reduction for consumers since 2007. It explores the potential consequences of the UK leaving the EU, including the imposition of tariffs on exports and imports. The complexity of trade negotiations and the need for strategic tariff decisions are emphasized. A simplified approach to aligning UK tariffs with EU tariffs is proposed to manage trade effectively.

What is one of the main benefits of the single market for British consumers mentioned in the video?

• More travel options

• Increased job opportunities

• 75% reduction in prices since 2007

• Higher quality products

What would happen to British exports to Europe if the UK leaves the EU?

• They would increase in volume

• They would be exempt from tariffs

• They would face the EU's external tariff

• They would be banned

What is a potential consequence of imposing high tariffs on food imports?

• Lower prices for consumers

• Protection for British farmers

• Increased food variety

• Improved international relations

Why is it challenging for Britain to set different tariffs for different countries post-Brexit?

• It would violate EU laws

• It would require complex negotiations

• It would be too costly

• It would lead to political instability

What strategic disadvantage is highlighted in the video regarding trade negotiations?

• Revealing bargaining positions early

• Over-reliance on technology

• Inability to form alliances

• Lack of experienced negotiators