The video discusses the potential impacts of Brexit on labor rules and auto sector tariffs, highlighting concerns about tariff and non-tariff barriers. CEO Andy Palmer emphasizes the importance of learning from Japan's manufacturing success and suggests that the UK could benefit from a similar industrial strategy. The discussion also touches on the effects of currency fluctuations and the importance of maintaining consumer confidence amidst Brexit uncertainties.

What is one potential consequence of Brexit on the auto industry mentioned in the video?

• Decrease in car sales

• Increase in labor costs

• Permanent depreciation of the pound

• Rise in fuel prices

What is the main concern related to non-tariff barriers for the auto industry?

• Higher import taxes

• Cars being held at ports

• Increased production costs

• Reduced consumer demand

How does Japan support its manufacturing sector according to the video?

• By prioritizing industrialization

• By implementing strict trade policies

• By increasing import tariffs

• By reducing labor laws

What strategy does the video suggest the UK could adopt from Japan?

• Focus on technology innovation

• Develop a strong industrial strategy

• Increase foreign investments

• Enhance tourism sector

What is the potential impact of a weaker pound on the UK as a trading nation?

• It could harm the tourism industry

• It might boost the industrial sector

• It might reduce export opportunities

• It could lead to higher inflation