U.K., EU Extend Brexit Negotiations to Sunday

The video discusses a dinner meeting between UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen, which aimed to resolve Brexit trade negotiations. Despite hopes for progress, both sides remain far apart, and negotiations will continue. The meeting's outcome affected the market, causing the pound to slide. Future negotiations are planned, with a deadline by the end of the year. If no deal is reached, the UK will face tariffs and higher prices under WTO rules.

What was the main outcome of the dinner meeting between Boris Johnson and Ursula von der Leyen?

• Both sides agreed to continue negotiations.

• Negotiations were called off.

• A deal was finalized.

• The UK decided to leave the EU immediately.

What was the expectation from Boris Johnson's team before the dinner meeting?

• To cancel the Brexit transition period.

• To break the impasse in negotiations.

• To announce a new referendum.

• To finalize a trade deal.

What is the deadline for reaching a trade deal before the Brexit transition period ends?

• 15th November

• 30th June

• 31st December

• 1st January

What could be a consequence of not reaching a trade deal by the deadline?

• The EU will dissolve.

• The UK will operate under WTO rules.

• No changes in trade rules.

• The UK will rejoin the EU.

What impact could operating under WTO rules have on the UK?

• No impact on prices.

• Lower tariffs on goods.

• Higher prices on goods from the EU.

• Immediate economic growth.