Nicola Sturgeon gives speech on how Brexit will impact on the Scottish economy

Nicola Sturgeon gives speech on how Brexit will impact on the Scottish economy

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Social Studies, Business

University

Hard

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The video discusses the economic implications for Scotland by 2030 under different Brexit scenarios. A No Deal Brexit would result in an 8.5% GDP reduction, while a free trade agreement would lead to a 6% decrease. Staying in the single market would minimize the impact, with a 2.7% GDP reduction. The analysis highlights the financial costs per person and the effects on disposable income and business investment, emphasizing that remaining in the single market offers significant economic benefits compared to a hard Brexit.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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