Economics class video — The Brexit effect: how leaving the EU hit the UK Part 2
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Trading blocs, exchange rates, international trade, economic growth
Part 1 of this video and associated questions is here.
Part 2:
Click to watch from minutes 13:45 – 28:24 of the video and then answer the questions:
The labour market:
Brexit ended the supply of cheap European labour to the UK. Briefly outline the arguments for and against such a policy
Northern Ireland conundrum:
Explain the Northern Ireland Protocol
Explain why the Northern Ireland economy has outperformed the rest of the UK in recent years
The conspiracy of silence:
Briefly outline why neither the Conservative party nor the Labour party wish to engage in a debate about Brexit
Winners and losers:
Identify the companies that have benefited from Brexit
Why will young people be particularly disadvantaged by Brexit?
To what extent will new trade deals with countries such as Australia and New Zealand compensate for Brexit?
What is a customs union?
Make a note of Chris Giles’ three conclusions re. Brexit
Gavin Clarke, Emmanuel College
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