Michael O'Leary interview on Brexit

The video discusses the current state of the UK economy amidst Brexit, highlighting the collapse of sterling and its negative impact on inflation and food prices. It addresses the concerns of international companies like Ryanair and Nissan, which are postponing investments due to uncertainty. The speaker predicts slower economic growth over the next 18 months and emphasizes the importance of the UK remaining in the single market for economic stability and job security.

What is one of the immediate effects of the Sterling's collapse mentioned in the video?

• Decrease in inflation

• Increase in tourism

• Improvement in exports

• Rise in food prices

How are companies like Ryanair responding to Brexit according to the video?

• Increasing investments in the UK

• Postponing investment decisions

• Hiring more UK employees

• Relocating headquarters to the UK

What is the potential impact of Brexit on the European economy as discussed in the video?

• No impact at all

• Immediate economic collapse

• Slower growth for a year or two

• Rapid economic growth

What does the speaker hope will prevail regarding the UK's relationship with the EU?

• Complete separation from the EU

• Staying in the single market

• Joining the Eurozone

• Increasing tariffs on EU goods

According to the video, why is being part of the single market beneficial for the UK?

• It allows for higher tariffs

• It is good for the UK economy and jobs

• It reduces immigration

• It eliminates competition