U.K.'s Hammond Says Brexit's `Ticking Clock' Will Focus Minds

The transcript discusses the differing preferences regarding Brexit, highlighting the divide between remainers and pro-Brexit supporters. It emphasizes the need for political compromise as the deadline approaches, noting that many have not moved from their preferred outcomes to acceptable ones. The risk of a no deal Brexit is acknowledged, with a call for a middle-ground solution. The possibility of a second referendum is also considered, though it faces significant challenges in Parliament.

What are the risks associated with a no deal Brexit according to the speaker?

What problems are associated with the idea of a second referendum?