What No Deal Brexit Will Do To The Economy - Brexit Explained

The video discusses the economic implications of the UK leaving the EU without a deal, focusing on a report by the Office of Budget Responsibility (OBR). The report predicts significant economic challenges, including a recession, increased national debt, and reduced tax revenues. It compares the OBR's findings with other analyses, highlighting the difficulty in predicting Brexit's impact due to numerous variables. The video also addresses criticisms of economic forecasts and emphasizes the uncertainty surrounding the potential outcomes of a no deal Brexit.

What is the significance of the £30 billion a year figure mentioned in the context of a no deal Brexit?

What does the report indicate about the impact on GDP growth in the event of a no deal Brexit?

In what ways does the OBR report suggest that consumer prices and wages will be affected?

What criticisms have been made regarding the accuracy of the OBR's predictions?