U.K. Firms Lack Crucial Information to Plan for No-Deal Brexit: BCC

The video discusses the UK Chancellor's infrastructure spending plans, including roads and digital infrastructure, and the concerns surrounding a no deal Brexit. It highlights the uncertainty businesses face, particularly regarding the Northern Ireland border and hiring from the EU. The discussion also covers the economic impact of Brexit, with businesses expressing a preference for a negotiated exit. The video concludes with a look at stockpiling practices and the need for businesses to prepare for various Brexit scenarios.

What infrastructure areas did the Chancellor focus on in his spending pledges?

• Healthcare and education

• Roads and digital infrastructure

• Military and defense

• Tourism and hospitality

What is a major concern for businesses regarding a no-deal Brexit?

• Increased tourism

• Higher education costs

• Improved trade relations

• Lack of planning information

Why do most businesses oppose a no-deal Brexit?

• It would lead to a clean break

• It would require negotiating many small deals

• It would increase tourism

• It would simplify trade agreements

What economic trend is suggested by signals from the gilt market?

• Increased foreign investment

• Immediate recession

• Long-term stagnation

• Rapid economic growth

What is a key factor businesses need from the government to handle Brexit effectively?

• Higher taxes on imports

• A strong plan for a negotiated exit

• Increased military spending

• More tourism incentives

How are businesses responding to the upcoming Brexit deadline in terms of stockpiling?

• All businesses are stockpiling heavily

• Businesses are reducing stockpiles

• No businesses are stockpiling

• Responses are mixed, with some stockpiling

What is a challenge businesses face when preparing for all Brexit scenarios?

• Lack of government support

• Increased tourism

• Decreased demand for products

• Higher education costs