Impact of Brexit

How has Brexit affected trade between the UK and the EU?

• It has eliminated all trade barriers.

• It has introduced new trade barriers, including customs checks and regulatory compliance requirements.

• It has reduced costs for businesses exporting to the EU.

• It has increased the number of free trade agreements.

What impact has Brexit had on business investment in the UK?

• Business investment has increased by 31% since the referendum.

• Business investment has remained stable.

• Business investment was 31% below the pre-referendum trend by 2023.

• Business investment has shifted entirely to the EU.

Which sector has been particularly impacted by the loss of "passporting" rights due to Brexit?

• Agriculture

• Financial services

• Construction

• Healthcare

What new regulatory burdens do UK businesses face post-Brexit?

• Reduced administrative tasks

• Import declarations and compliance with new UK-specific regulations

• Simplified trade procedures

• Increased access to EU markets

How has Brexit affected the UK labour market?

• It has increased the number of EU workers in the UK.

• It has led to labour shortages in various sectors.

• It has decreased wages across all sectors.

• It has had no impact on the labour market.

What is one of the main challenges for UK businesses that rely on EU workers post-Brexit?

• Increased availability of workers

• Reduced upward pressure on wages

• Difficulty in finding enough workers

• Simplified hiring processes