Introducing the Bloomberg Brexit Barometer

The video discusses the Bloomberg Brexit Barometer, a tool that tracks economic indicators to assess the UK's economic health during Brexit negotiations. It highlights the resilience of the UK economy post-referendum and the challenges faced by the civil service in preparing for Brexit. The Bank of England's shifting concerns from Brexit to other economic risks, such as household debt, are also covered.

What is the primary purpose of the Bloomberg Brexit Barometer?

• To compare the UK economy with other European countries

• To track the health of the UK economy in real-time

• To predict the outcome of Brexit negotiations

• To provide daily updates on UK political events

What does a higher number on the Brexit Barometer indicate?

• Increased political uncertainty

• A stronger UK economy

• Higher inflation rates

• A weaker UK economy

What challenge is the UK civil service facing in preparing for Brexit?

• Insufficient staffing due to fiscal austerity

• Inadequate technological resources

• Lack of public support

• Opposition from the European Union

What new departments have been created to handle Brexit tasks?

• Trade Department and Brexit Department

• Department of Immigration and Department of Customs

• Department of Economy and Department of Foreign Affairs

• Department of Finance and Department of Trade

What has become a bigger concern for the Bank of England than Brexit?

• Rising unemployment

• Household debt

• Political instability

• Trade deficits