How Will Trade Work After a No Deal Brexit? - Brexit Explained

How Will Trade Work After a No Deal Brexit? - Brexit Explained

Assessment

Interactive Video

Social Studies, Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the importance of preparing for a no deal Brexit, highlighting the government's efforts to ensure readiness. It explains the technical notes on trade classification and the potential impact on trade and economy. Current trade arrangements within the EU are described, along with future trade scenarios post-Brexit. Key points for businesses in a no deal scenario are also highlighted, emphasizing the need for compliance with new customs procedures.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for businesses and customers to consider all potential outcomes of Brexit?

To maintain the current trade agreements

To ensure a smooth transition to the new reality

To avoid any changes in trade policies

To increase the import of goods from the EU

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current status of UK exports to the EU under the single market?

They are subject to customs duties

They travel freely without tariffs

They require import declarations

They are treated as third country goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will happen to UK goods if the UK leaves the EU without a deal?

They will continue to have preferential rates

They will be treated as third country goods

They will be exempt from customs duties

They will have free access to the EU market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What power does the Cross Border Trade Bill give to HM Treasury?

To maintain the EU common customs tariff

To exempt UK goods from EU tariffs

To establish a new UK trade tariff

To negotiate new trade agreements with the EU

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What will businesses need to do in a no-deal Brexit scenario?

Comply with new customs procedures

Ignore the changes in trade policies

Continue trading under the same conditions

Pay reduced duties on exports