Hard Brexit Has 5-7% Negative Impact on GDP Over 15 Years, Stern Says

The video discusses the potential impacts of different Brexit scenarios, comparing Norway and Canadian models. It highlights the economic consequences of a hard Brexit, including GDP loss and trade reduction. The speaker emphasizes the importance of clear communication with UK regions outside London and critiques the 'trust us' approach. The UK's evolving Brexit position, particularly regarding the Irish border, is also examined.

What is the predicted medium-term GDP loss for the UK in the event of a strong Brexit?

• 1-2%

• 3-4%

• 5-7%

• 8-10%

Why should arguments not start with 'trust us, we know what we're doing'?

• It shows a lack of evidence.

• It is a traditional approach.

• It may not be convincing.

• It is a sign of confidence.

What is the main challenge in communicating Brexit impacts to those outside London?

• Language barriers.

• Distrust in London elites.

• Different economic priorities.

• Lack of interest in Brexit.

What recent agreement has the UK government reached regarding its Brexit strategy?

• Brussels Agreement

• Dublin Agreement

• Checkers Agreement

• Oslo Agreement

What is a likely consequence of a hard Brexit on the Irish border?

• No change in border controls.

• Increased trade with Ireland.

• Hard border with tariffs.

• Open border policy.