Brewdog CEO Watt Says Brexit Has Had Zero Business Benefit

The transcript discusses the significant negative impact of Brexit on UK businesses, particularly in terms of increased costs and difficulties in trading with Europe. It highlights the challenges faced by UK companies in terms of investment and inflation, and the broader economic issues resulting from Brexit and government decisions. The speaker expresses uncertainty about Scottish independence due to lack of information. The UK is described as a tough place to do business, with firms needing to invest more in other countries due to Brexit. Inflation has increased business costs, and while pay rises have been implemented, they are not in line with inflation.

What has been a significant challenge for UK businesses trading with Europe post-Brexit?

• Higher costs and difficulties in exporting goods

• Increased competition from European companies

• Improved trade agreements with non-EU countries

• Lack of demand for UK products

What is the speaker's stance on Scottish independence?

• Strongly against

• Indifferent

• Strongly in favor

• Uncertain due to lack of information

How has Brexit influenced the company's investment strategy?

• Focus on domestic UK investments

• Increased investment in European markets

• Shifted investment to countries like Australia and Japan

• Reduced overall investment

What has been a major concern for businesses in the UK regarding inflation?

• Inflation has increased production costs

• Inflation has made it easier to invest

• Inflation has decreased significantly

• Inflation has no impact on business operations

How does the speaker describe the current business environment in the UK?

• Very favorable for new investments

• Challenging and difficult for businesses

• Stable and predictable

• Rapidly improving