UBS Says U.K. Will Get Close to Agreement on Brexit

UBS Says U.K. Will Get Close to Agreement on Brexit

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the UK's financial obligations to the EU, with Chancellor Philip Hammond indicating a potential increase in the financial offer to Brussels. The debate centers on the UK's position and the need for pragmatism. The discussion shifts to UK productivity, with concerns about lower forecasts affecting economic growth. The impact on the gilt market and deficit is also analyzed, with potential changes in unemployment assumptions. Finally, the importance of timely transition arrangements to prevent negative economic impacts is highlighted.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the UK's negotiations with the EU according to Chancellor Philip Hammond?

Expanding the UK's territory

Reducing the financial obligations

Increasing trade tariffs

Honoring debts under international law

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons for weak productivity in the UK as discussed by Dean Turner?

Lack of technological advancement

Excessive government regulations

Compositional effects of the economy

High reliance on traditional industries

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might the UK use the post-Brexit period to improve its economy?

By increasing reliance on financial services

By rebalancing the economy away from less productive sectors

By reducing international trade

By increasing taxes on exports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could potentially offset the impact of reduced productivity forecasts by the OBR?

Stricter immigration policies

Higher interest rates

Increased government spending

Changes in unemployment assumptions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important for the UK to establish a transition arrangement by the first quarter of next year?

To improve relations with the US

To reduce the national debt

To avoid businesses implementing contingency plans

To increase trade with non-EU countries