Brexit Latest: 1 Downgrade Warning, 2 Leaders, 3 Defections

The transcript discusses the UK-EU withdrawal agreement, focusing on the Irish backstop issue. Theresa May emphasizes the need for legally binding changes to ensure the backstop is not indefinite. Political turmoil is evident as Tory members resign and plots against May emerge. The possibility of extending the Brexit deadline is considered, with market reactions reflecting the uncertainty.

What is the main issue discussed in the first section regarding the withdrawal agreement?

• The Irish backstop

• The transition period

• The future trade relationship

• The financial settlement

What does Theresa May emphasize in her statement about the backstop?

• It should be decided by the EU

• It should be removed entirely

• It requires legally binding changes

• It should be indefinite

What does the EU want the UK to do before any final summit?

• Extend the Brexit deadline

• Vote on deal changes

• Negotiate a new agreement

• Hold a public referendum

What political challenges is Theresa May facing according to the third section?

• No opposition from other parties

• Support from all party members

• Quitting of Tory members and plots against her

• Unanimous support for her Brexit plan

What economic impact is mentioned in the third section?

• Volatility of the British pound

• No change in the British pound value

• Increase in the British pound value

• Stability of the British pound