S&P's Kraemer Says Brexit Friction Has Yet to Surface

The video discusses the implications of the DUP's involvement in Brexit negotiations, emphasizing the importance of tone and the potential impact on trade with Ireland. It highlights the challenges in reaching a Brexit agreement due to ongoing negotiations with the DUP. The discussion shifts to the UK budget, noting that austerity measures have reduced the deficit significantly, allowing for potential economic restructuring. The video concludes with a focus on the need for changes in public spending and the tax system.

Why is the tone considered important in the context of Brexit negotiations?

• It determines the outcome of elections.

• It impacts the financial markets directly.

• It affects the confidence in political statements.

• It influences public opinion.

What is a major concern for Northern Irish parties like the DUP in Brexit negotiations?

• Ensuring frictionless trade with the Republic of Ireland.

• Maintaining a strong military presence.

• Securing more seats in the House of Commons.

• Increasing agricultural subsidies.

What is a potential source of friction among Brexit supporters?

• The plan to reduce taxes for corporations.

• The desire to remain in the EU.

• The need to increase immigration.

• The wish to negotiate trade deals independently.

When is the UK government expected to handle the budget?

• In the winter.

• In the spring.

• In the summer.

• In the autumn.

What has been the impact of austerity on the UK's deficit?

• It has increased the deficit to 15% of GDP.

• It has reduced the deficit to 2.5% of GDP.

• It has had no impact on the deficit.

• It has doubled the deficit.