RBS CEO Doesn't See Alternative to May's Brexit Deal

The video discusses the uncertainty surrounding Brexit, focusing on the potential impacts on the UK economy and markets. It highlights the importance of backing the Brexit deal to ensure market stability and examines the readiness of SMEs for a hard Brexit. The potential for a recession due to ongoing uncertainty is also explored, along with the probability of a hard Brexit and its implications.

What is the main concern discussed in the first section regarding the Brexit situation?

• The impact on the housing market

• The uncertainty in the marketplace

• The rise in employment rates

• The increase in tourism

Why is it important for MPs to back the negotiated deal according to the second section?

• To ensure business certainty

• To reduce taxes

• To increase tourism

• To improve healthcare

What is a major issue faced by SMEs in the event of a hard Brexit?

• Lack of understanding of the ramifications

• High employee turnover

• Excessive government support

• Overproduction of goods

What is the potential economic consequence of a hard Brexit mentioned in the third section?

• Rapid economic growth

• A potential recession

• Higher employment rates

• Increased foreign investment

What is the estimated chance of a no-deal Brexit according to the third section?

• 5%

• 10%

• 20% or higher

• 50%