Is The UK Prepared for No Deal? - Brexit Explained

The video discusses the increasing likelihood of a no deal Brexit and the UK's preparations for it. It covers government spending on preparations, the impact of WTO terms on trade, and the challenges at UK-EU borders, including the contentious Irish border. The video highlights the uncertainties and potential logistical difficulties, emphasizing the need for further legislative actions and agreements to mitigate negative impacts.

What is one of the main reasons for the uncertainty surrounding a no-deal Brexit?

• The lack of interest from the public

• The unpredictability of market reactions

• The stability of the UK government

• The weather conditions in the UK

How much additional funding did Boris Johnson and Sajid Javid announce for no-deal preparations?

• 2.1 billion pounds

• 1.5 billion pounds

• 4.2 billion pounds

• 3.5 billion pounds

What is one of the main uses of the funds allocated for no-deal preparations?

• Developing new technology

• Building new schools

• Stockpiling essential medical supplies

• Investing in renewable energy

Why is hiring additional border officials challenging for the UK government?

• The positions are only temporary

• It takes a couple of years to train them

• There is a lack of interest in the positions

• The training period is very short

What principle requires the UK to apply the same tariffs to all countries without a bespoke trade deal?

• Most Favored Nation Principle

• Equal Trade Principle

• Universal Tariff Principle

• Global Trade Principle

What is Operation Brock designed to address?

• Traffic congestion in London

• Delays at the Anglo-French border

• Air traffic control issues

• Maritime safety concerns

What percentage of UK exports to the EU pass through the Channel Tunnel?

• 10%

• 40%

• 20%

• 30%

What is a major concern regarding the Irish border in the event of a no-deal Brexit?

• Increased tourism

• Potential for violence

• Environmental impact

• Economic growth

How many pieces of primary legislation does the UK need to pass by October 31st for a smooth Brexit?

• 5

• 10

• 13

• 20

What is one potential outcome if the UK and EU fail to reach an agreement on the Irish border?

• A decrease in EU tariffs

• A boost in the UK economy

• Undermining the integrity of the single market

• Increased trade with the US