Nick Clegg speech on Lib Dem Brexit position

The video discusses the economic and financial impacts of Brexit, highlighting a projected 2.4% GDP reduction by 2021 due to higher inflation, lower business investment, and reduced net migration. It explains the government's increased borrowing needs and the abandonment of budget balancing targets. The consequences for public services like the NHS, social care, and schools are significant, with funding shortfalls exacerbated by Brexit-related financial losses. The video emphasizes the urgent need for additional funding to address these gaps.

What are the three main factors contributing to the expected decrease in GDP post-Brexit?

• Increased government spending, higher taxes, and reduced exports

• Rising unemployment, decreased foreign aid, and higher tariffs

• Lower consumer confidence, higher interest rates, and increased imports

• Higher inflation, lower business investment, and lower net migration

How much more does the government need to borrow annually due to Brexit?

• £20 billion

• £25 billion

• £15 billion

• £10 billion

What is the main consequence of Brexit on public services according to the transcript?

• Increased funding for public services

• Reduced demand for public services

• Diverted funds to cover Brexit costs

• Improved efficiency in public services

How much additional funding does the NHS need annually by 2020?

• £10 billion

• £15 billion

• £22 billion

• £30 billion

What percentage of head teachers believe school budgets will be unsustainable in two years?

• 75%

• 50%

• 80%

• 60%