Created from Youtube video: https://www.youtube.com/watch?v=PgIiElL-AFwvideoConcepts covered:Brexit impact, trade intensity reduction, GDP forecast decrease, business investment, weakened pound
Brexit is impacting the UK economy negatively, with a 15% reduction in trade intensity and a forecasted 4% decrease in GDP over 15 years. Despite new trade agreements, business investment has not recovered to pre-Brexit levels, and the pound has significantly weakened since 2016.
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What impact is Brexit having on the UK economy? - BBC News
Concepts covered:Brexit impact, trade intensity reduction, GDP forecast decrease, business investment, weakened pound
Brexit is impacting the UK economy negatively, with a 15% reduction in trade intensity and a forecasted 4% decrease in GDP over 15 years. Despite new trade agreements, business investment has not recovered to pre-Brexit levels, and the pound has significantly weakened since 2016.
Question 1
What was the reduction in trade intensity post-Brexit?
Question 2
How has Brexit affected UK exports compared to other economies?
Question 3
What is the OBR's forecasted GDP reduction over 15 years due to Brexit?
Question 4
What global events have impacted the UK economy?
Question 5
When did UK business investment peak?
Question 6
What has contributed to inflation in the UK?
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