Yates: EU's Single-Market 'Hugely Beneficial' to U.K.

The video discusses the benefits of EU regulation and the single market, highlighting how these outweigh some disappointments in creating a liberal business environment. It explores the potential impact of Brexit on austerity in the UK, referencing Professor Blanchflower's views on excessive austerity. The discussion also covers the economic implications of leaving the EU, including potential shocks to confidence and demand, and the strain on fiscal policy, with concerns about the government's response given their stance on austerity.

What is one of the main benefits of the EU's single market regulations according to the speaker?

• They create a more liberal business environment.

• They reduce the need for fiscal policy.

• They offset other disappointments.

• They increase mail regulation.

What is Professor Blanchflower's stance on austerity in the UK?

• He thinks austerity is beneficial for the economy.

• He supports increased austerity measures.

• He believes there is too much austerity.

• He is indifferent to austerity policies.

What potential impact does the speaker suggest Brexit might have on the UK's economy?

• It will have no impact on fiscal policy.

• It will lead to a substantial shock to confidence and demand.

• It will boost economic confidence.

• It will increase interest rates significantly.

How does the speaker suggest the UK government should respond to the economic shock of Brexit?

• By maintaining current fiscal policies.

• By raising interest rates.

• By loosening fiscal policy.

• By increasing austerity measures.

What is the concern regarding the UK government's stance on austerity?

• They are focusing too much on liberal business environments.

• They are too lenient with fiscal policies.

• They might not loosen fiscal policy despite the need.

• They are planning to increase interest rates.