U.K.'s Hammond Warns No-Deal Brexit Holds Large Fiscal Consequences

U.K.'s Hammond Warns No-Deal Brexit Holds Large Fiscal Consequences

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

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The video discusses the impact of Brexit on various sectors, focusing on technical papers aimed at helping British businesses. It highlights government measures in financial services and pharmaceuticals, while noting challenges in goods trade and haulage. The discussion includes government forecasts and the practical focus of businesses. The impact on small and medium enterprises is also covered, emphasizing the need for contingency planning and the challenges they face in preparing for Brexit.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What sectors did the government show commitment to mitigating the impact of a no-deal Brexit?

Technology and education

Automotive and textiles

Financial services and pharmaceuticals

Agriculture and fisheries

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant concern for haulage companies in the event of a hard Brexit?

Increased toll charges

High fuel costs

Insufficient exercise agents

Lack of drivers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are most businesses focusing on instead of GDP forecasts?

Technical notices and practical information

Marketing strategies

Employee training programs

International expansion plans

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of SMEs have done active contingency planning for Brexit?

Almost all

More than 2/3

Less than 1/3

About half

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason SMEs are not prepared for Brexit?

Overwhelmed by daily operations

Lack of interest

Sufficient government support

Confidence in a favorable deal