The Facts

Rishi Sunak is the Chancellor of the Exchequer. He was appointed on 13 February 2020 following the resignation of Sajid Javid.

The Eurogroup is the meeting of the finance ministers of the euro zone member states. Read this fact to find out more.

It is an agreement between 22 EU member states and the 4 countries of EFTA to remove regular checks on the movement of people between them.

Coronabonds are an idea mooted by several eurozone countries to issue collective debt to combat the economic impact of Covid-19.

David Frost is Boris Johnson’s Europe advisor and chief negotiator for the talks on the UK’s future relationship with the EU.

The MFF is the overall EU budget for every seven-year period, setting out funding for the EU’s major programmes.

The WTO was set up in 1994 as the result of a major overhaul of the system of trade rules set up after the Second World War.

The Act provided the means for the UK parliament to move law-making powers back to the UK from the EU. Read this fact to find out more.

Level playing field measures are often included in trade agreements to ensure that minimum requirements in areas such as labour rights and environmental standards are maintained by both sides.

The Article 50 period gives a member state two years to negotiate its exit from the EU. Read this fact to find out more.

The Benn Act – or the European Union (Withdrawal) (No. 2) Act 2019 – is an Act of Parliament that provided a statutory obligation for the government to prevent a no deal Brexit on 31 October 2019 by requiring in the Prime Minister to ask for an extension of Article 50.

The Supreme Court is the highest court in the UK and the place of last resort to appeal judgments made in lower courts.