UK GDP growth greater than expected in the last quarter of 2017, but still lagging behind other nations

The video discusses the uncertainty surrounding Brexit and its impact on businesses and banks. The Brexit Secretary aims to reassure by outlining plans for an implementation period where the UK will follow EU rules while preparing for future trade deals. The government seeks a balanced approach to maximize EU market access while pursuing global trade opportunities. However, internal disagreements persist on prioritizing trade deals over EU market access. The message to pro-Brexit areas is that Brexit will benefit trade, though the final terms remain uncertain.

What is the main concern of businesses and banks regarding Brexit as discussed in the first section?

• The potential for increased taxes

• The uncertainty surrounding the process

• The lack of skilled labor

• The rise in competition from other countries

What is the purpose of the implementation period mentioned by the Brexit secretary?

• To immediately cut all ties with the EU

• To maintain EU rules temporarily while preparing for future trade deals

• To increase tariffs on EU goods

• To establish a new currency for the UK

According to the second section, what is the government's approach to Brexit?

• Negotiating maximum access to European markets while pursuing global trade deals

• Severing all trade links with Europe

• Staying in the EU Customs union

• Focusing solely on domestic policies

What is the Chancellor's position on the EU Customs union?

• The UK should negotiate a new customs agreement

• The UK should reject staying in the EU Customs union

• The UK should increase tariffs within the EU Customs union

• The UK should remain in the EU Customs union

What is the main message conveyed to pro-Brexit areas in the final section?

• Brexit will result in increased taxes

• Brexit will limit international relations

• Brexit is on track and will be beneficial for trade

• Brexit will lead to economic decline