Remainers: Why Hasn't the Economy Collapsed Yet? - Brexit Explained

The video explores the economic impact of Brexit, highlighting initial predictions of a recession that did not materialize. It examines current economic indicators, showing modest growth and low unemployment, despite a weak pound and investor concerns. Consumer confidence remains high, driven by low unemployment and rising wages, though borrowing has increased. The government is responding with increased public spending to maintain economic stability. The future remains uncertain, with potential economic challenges once Brexit is fully implemented.

What was the immediate impact on the UK's currency following the Brexit referendum?

• The pound's value increased significantly.

• The pound slumped against the US dollar.

• The pound remained stable.

• The pound strengthened against the US dollar.

How does the UK's growth rate compare to other G7 nations post-referendum?

• It is significantly lower than all G7 nations.

• It is comparable to other G7 nations.

• It is higher than all G7 nations.

• It is the highest among G7 nations.

What is one reason for the UK's economic stability despite Brexit uncertainties?

• High unemployment rates.

• Low unemployment rates.

• Decreased consumer spending.

• Increased government austerity.

What trend has been observed in UK household savings since the referendum?

• Savings have increased significantly.

• Savings have remained stable.

• Savings have decreased.

• Savings have doubled.

What is one factor contributing to increased consumer spending in the UK?

• Increased taxes.

• Higher wages.

• Lower wages.

• Higher unemployment rates.

What strategy is the UK government using to address slowing consumer spending?

• Raising taxes.

• Implementing more austerity measures.

• Reducing public sector wages.

• Increasing public spending.

How might the UK's economic situation benefit the Conservative party in upcoming elections?

• By showing a strong economy despite Brexit.

• By highlighting increased austerity measures.

• By focusing on high unemployment rates.

• By emphasizing decreased public spending.