Brexit Nation Divided - The Economy In 2017

The video discusses the impact of Brexit on trade, highlighting concerns about increased costs and administrative burdens. It examines Newcastle's unique position as a city that voted to remain in the EU, emphasizing its cosmopolitan nature and economic ties. The video also addresses the importance of maintaining aviation connectivity post-Brexit and the potential economic implications. Finally, it explores the uncertainty surrounding future investments and EU structural funds, stressing the need for businesses in the Northeast to have a voice in negotiations.

What immediate challenge might businesses face due to Brexit?

• Decreased demand for products

• Increased competition from European companies

• Lack of skilled labor

• Higher customs charges and additional paperwork

How did Newcastle's voting pattern in the Brexit referendum differ from the surrounding areas?

• It had an equal split between leave and remain

• It had a higher percentage voting to leave

• It did not participate in the referendum

• It had a higher percentage voting to remain

What impact did Brexit have on Newcastle's international flight connectivity?

• Increased number of flights to Europe

• Introduction of new routes to Asia

• More flights to South America

• Cancellation of a direct route to New York

What is one of the key concerns for businesses in the northeast regarding Brexit negotiations?

• Expanding into new markets

• Reducing labor costs

• Ensuring their voice is heard

• Increasing product prices

What socio-economic issue remains unchanged in the UK despite Brexit?

• Persistent divisions in wealth and opportunity

• Narrowing wealth gap

• Improved healthcare access

• Increased educational opportunities