Brexit

Question 1

Signed trade deals

Answer 1

Singapore, South Korea, Australia, TPP (trans-pacific partnership)

Question 2

Ongoing trade talks

Answer 2

USA, India, EU

Question 3

Loss of trade

Answer 3

EU accounted for 43% of UK exports pre brexit

Question 4

Reduced competitiveness

Answer 4

• Pret A Manger had to increase pay significantly to attract workers post brexit
• raw material costs from EU rose for Jaguar Land Rover

Question 5

Reduced FDI

Answer 5

• Nissan cancelled plans to produce the X-trail in Sunderland
• London lost over £1 trillion in assets as firms relocated