Economics class video — The Brexit effect: how leaving the EU hit the UK
We’ll send you a myFT Daily Digest email rounding up the latest FT Schools news every morning.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
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