Interview with former UKIP leader Nigel Farage

The transcript discusses the economic pressures and potential political strategies related to EEA membership, emphasizing the Leave campaign's intention to exit the single market and customs union. It highlights the potential political backlash if EU regulations continue to affect local businesses by 2020. The discussion also covers the implications of EEA membership on economic regulation, noting that a small percentage of exports to the EU results in full economic regulation by EU laws. Finally, it touches on the political dynamics within the Conservative Party regarding the referendum and the improbability of a second referendum given the current parliamentary makeup.

What is one reason some parts of the car industry might support EEA membership?

• To increase exports to the US

• To reduce production costs

• To align with global trade standards

• To minimize economic risks

What was a key message of the Leave campaign regarding the single market?

• To negotiate a new trade deal

• To leave the single market

• To increase trade with Asia

• To remain in the single market

What could be a political consequence if the UK remains in the single market by 2020?

• Increased support for the EU

• A political backlash

• Improved economic growth

• Stronger ties with the US

What percentage of the UK economy is regulated by EU laws under EEA membership?

• 50%

• 100%

• 12%

• 75%

Why was a second referendum considered improbable according to the speaker?

• International pressure

• Economic instability

• Parliament's current composition

• Lack of public interest