Brexit, Covid Cause U.K.-EU Border Hold-Ups

The video discusses the challenges faced by the UK post-Brexit, focusing on bureaucracy and border delays. It highlights the economic impact, including inflation and GDP effects, and explores the evolving nature of these issues. The video also predicts future freight levels and potential border situations, emphasizing the ongoing disruptions in UK-EU trade relations.

What percentage of trucks are being stopped at the borders due to post-Brexit bureaucracy?

• 10%

• 5%

• 20%

• 15%

What unexpected development has been reported regarding customs charges?

• Retailers are absorbing all customs charges.

• Customs charges are being waived for all goods.

• Customs charges are being refunded to customers.

• Customers are sometimes required to pay customs charges upon delivery.

According to the Bank of England, what is the potential impact of Brexit on UK GDP?

• Increase by 1%

• Decrease by 1%

• No impact

• Increase by 2%

What is the predicted inflation rate for the UK this year according to Bloomberg Economics?

• 1%

• 2%

• 1.5%

• 3%

What is expected to happen when freight levels reach 100% again?

• Delays will decrease significantly.

• Significant delays are expected.

• No change in the current situation.

• Freight levels will remain stable.