What Will Happen To The UK After a No Deal? - Brexit Explained

The video discusses the implications of Britain triggering Article 50, leading to a two-year countdown for the UK to leave the EU. It explores the potential impacts of a no-deal Brexit, including trade disruptions, financial sector challenges, legislative changes, and effects on citizens. The video highlights the economic costs and the urgency of reaching a deal before the deadline.

What is the consequence for the UK if it leaves the EU without a trade deal?

• The UK will trade with the EU under World Trade Organization rules.

• The UK will automatically secure new trade deals.

• The UK will continue trading under the same terms.

• The UK will have no restrictions on trade.

How would the loss of passporting rights affect UK banks?

• Banks would face no changes in their operations.

• Banks would receive financial incentives from the EU.

• Banks would need to establish subsidiaries in each EU country.

• Banks would gain more freedom to operate globally.

What legislative action is planned to handle EU laws post-Brexit?

• All EU laws will be discarded immediately.

• EU laws will remain unchanged indefinitely.

• The Great Repeal Bill will convert EU laws into UK laws.

• New laws will be created to replace EU laws.

What is the estimated economic cost to the UK of leaving the EU without a deal by 2020?

• £50 billion

• £125 billion

• £200 billion

• £75 billion

By when do experts suggest a Brexit deal needs to be made to meet the deadline?

• January 2018

• December 2019

• October 2018

• March 2019