Nicola Sturgeon gives speech on how Brexit will impact on the Scottish economy

Nicola Sturgeon gives speech on how Brexit will impact on the Scottish economy

Assessment

Interactive Video

Social Studies, Business

University

Hard

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The video discusses the economic implications for Scotland by 2030 under different Brexit scenarios. A No Deal Brexit would result in an 8.5% GDP reduction, while a free trade agreement would lead to a 6% decrease. Staying in the single market would minimize the impact, with a 2.7% GDP reduction. The analysis highlights the financial costs per person and the effects on disposable income and business investment, emphasizing that remaining in the single market offers significant economic benefits compared to a hard Brexit.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the impact on business investment under the option of remaining in the EU?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the benefits of staying in the single market compared to a hard Brexit in terms of monetary value per head?

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