Chequers Trade Plan 'Doesn’t Fly' for EU, Duncan Smith Says

The transcript discusses the debate over the Checkers plan versus a Canada-style free trade agreement with the EU. Jacob Rees-Mogg and others argue for a clean break from the EU, advocating for a free trade deal that respects UK sovereignty. The Checkers plan is criticized for making the UK a rule-taker. Business perspectives are mixed, with some supporting Checkers for stability, while others prefer a free trade deal. Boris Johnson opposes Checkers, calling it a bad deal, and supports a free trade agreement that Parliament might back.

What is the significance of the term 'Canada style free trade agreement' in the context of the discussion?

What are the implications of being 'rule takers' from the European Union as mentioned in the text?