Brexit Might Have Cost U.K. Economy Billions in Lost Output

The video discusses the economic impact of Brexit, noting that the UK economy is currently 1% smaller due to the vote to leave the EU, with potential for a 6-7% reduction in the future. The currency effects are minimal, with the pound appreciating against the dollar but showing smaller movements against a broader currency basket. Theresa May's performance at Davos is critiqued, highlighting her struggle to make a significant impact compared to other leaders like Trump.

What is the current estimated impact of Brexit on the UK's economy?

• The economy is 6-7% larger.

• The economy is 6-7% smaller.

• The economy is 1% smaller.

• The economy is 1% larger.

What is the projected economic impact of Brexit over the next 20-30 years?

• The economy will remain the same.

• The economy will grow by 6-7%.

• The economy will shrink by 6-7%.

• The economy will shrink by 1%.

How has the pound performed against the dollar post-Brexit?

• It has remained stable.

• It has depreciated significantly.

• It has depreciated against the dollar.

• It has appreciated against the dollar.

What was the general reception of Theresa May's speech at Davos?

• It was not well received.

• It was ignored completely.

• It was met with excitement.

• It was very well received.

What challenge has Theresa May faced since losing her majority in the election?

• Managing currency fluctuations.

• Improving economic growth.

• Struggling with authority.

• Gaining international support.