CLEAN : UK stands to lose $16 bn on EU exports in case of no-deal Brexit: UN

The video discusses the potential impact of a no deal Brexit on the UK's exports to the EU, estimating a 7% drop. Key sectors like automobiles, food products, and textiles are highlighted as most affected. The UK's significant role in global trade is emphasized, noting that trade is a crucial part of its economy. A no deal Brexit could disrupt this economic engine, leading to broader consequences.

What is one of the main challenges discussed in the context of UK exports to the EU?

• Currency fluctuations

• Increased tariffs on UK goods

• Disruptions in production networks

• Lack of skilled labor

By what percentage are UK exports to the EU expected to drop in a no-deal Brexit scenario?

• 12%

• 10%

• 7%

• 5%

Which sector is predicted to be most affected by a no-deal Brexit?

• Textiles

• Pharmaceuticals

• Technology

• Automobiles

Why is trade considered crucial for the UK economy?

• It helps in maintaining international relations

• It is a key engine of economic growth

• It is a major source of government revenue

• It provides employment opportunities

What could be a broader consequence of a no-deal Brexit on the UK economy?

• Improved domestic production

• Significant impact on the UK's export engine

• Strengthened trade relations with the EU

• Increased foreign investments