CLEAN : Economist warns of pound collapse in event of Brexit

The video discusses the potential impacts of Brexit on the UK economy, including currency depreciation, market panic, and effects on industries that export to the EU. It highlights challenges for businesses, particularly larger ones, due to changes in trade and immigration laws. The video also covers regulatory implications and the potential decline of London's status as a global financial center.

What is a potential short-term effect of Brexit on the UK's currency?

• Appreciation by 20%

• Depreciation by 20%

• Appreciation by 10%

• No change

Which industries are most likely to be affected by Brexit?

• Industries exporting to the EU

• Industries importing from the US

• Local service industries

• Technology startups

How might uncompetitive UK businesses benefit from Brexit?

• By gaining new investors

• By losing competitors due to new trade barriers

• By increasing exports to the EU

• By reducing operational costs

What is a regulatory challenge for UK exporters post-Brexit?

• They will have more influence over EU regulations

• They can ignore EU regulations

• They will face no regulatory changes

• They must adhere to EU regulations without having a say in them

What could happen to London's status as a global financial center if the UK becomes more insular?

• It will remain unchanged

• It will strengthen

• It will become the top global hub

• It will fade away