Who Will Brexit Impact Most, Consumers or Businesses?

The video discusses the economic and political impacts of Brexit, focusing on inflation, currency challenges, and the legislative process. It highlights the resilience of consumers and businesses, the role of the Bank of England, and the importance of migration and market access in shaping the UK's future economic landscape.

What is one of the main challenges faced by UK exporters post-Brexit?

• Increased domestic demand

• Higher input costs due to currency depreciation

• Lower inflation rates

• Reduced competition in the EU market

What is the focus of the UK Parliament regarding Brexit as discussed in the video?

• Increasing the number of migrants

• Amending the Brexit bill

• Reducing inflation rates

• Finalizing trade deals with non-EU countries

Why is the EU market critical for the UK post-Brexit?

• It provides a larger workforce for UK industries

• It offers lower tariffs for UK goods

• It ensures political stability in the UK

• It accounts for almost 45% of UK exports

How has consumer confidence in the UK been affected post-Brexit?

• It has been unaffected

• It has fluctuated unpredictably

• It has significantly decreased

• It has remained high

What role did the Bank of England play in the post-Brexit economic scenario?

• It reduced government spending

• It provided liquidity to stabilize the economy

• It increased interest rates

• It imposed trade restrictions