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Specification:

  • Trading blocs, exchange rates, international trade, economic growth

Click to watch minutes 0-13 of the video and then answer the questions:

The Economic Effects:

  • What happened to the value of the pound?

  • What does this do to the price of UK imports and exports?

  • Did the demand for UK exports respond as expected?

  • Analyse the Brexit effect on the UK’s trade to GDP ratio

Brexit and Business:

  • How has Brexit effected UK businesses which export to EU countries?

  • UK companies have overcome the Brexit bureaucracy by relocating their main distribution hubs. Explain how this has affected the broader UK economy

Britain Falls Behind:

  • Compare UK business investment growth with its trend growth rate

  • Explain why investment is so important for economic growth

  • Compare services and manufacturing in the UK, Germany, and France

  • What is the OBR’s estimate of the Brexit effect on UK GDP and subsequent tax revenues?

Gavin Clarke, Emmanuel College

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