Mark Carney interview on No-Deal Brexit

The transcript discusses the high risk of a no deal Brexit, despite opposition from Parliament, the government, and the EU. It highlights the potential disorder and economic shock that could result from such an outcome. Businesses are preparing, but infrastructure is lacking. The government plans to implement measures to reduce the severity of the economic impact.

What is the stance of the European Union regarding a no deal Brexit?

• They are neutral.

• They have not expressed a stance.

• They are against it.

• They support it.

What is the main concern if a no deal Brexit occurs?

• It will strengthen the economy.

• It will be orderly and planned.

• It will happen accidentally and suddenly.

• It will have no impact on businesses.

What percentage of businesses have put contingency plans in place for a no deal Brexit?

• 75%

• 100%

• 50%

• 25%

What does having a contingency plan imply for businesses?

• They are fully prepared.

• They will not be affected.

• They are as prepared as they can be.

• They have no preparations.

What is the purpose of the TSPS system introduced by the government?

• To increase customs checks.

• To support a no deal Brexit.

• To reduce the severity of an economic shock.

• To eliminate all border checks.