Doing the Right Thing for U.K. Business Post-Brexit

The transcript discusses business reactions to a political speech, highlighting both positive aspects like productivity and infrastructure investment, and concerns over a combative tone and rising living wage. It explores the implications of industrial strategy and Brexit, emphasizing the need for clear definitions and structured consultations. Businesses are cautious about investment decisions amid Brexit uncertainties, preferring a well-prepared approach to triggering Article 50.

What was one of the positive aspects mentioned by the Shadow Chancellor that business found welcoming?

• Increased taxation

• Stricter business regulations

• Investment in infrastructure

• Reduction in minimum wage

What concern do businesses have regarding the rapid rise of the living wage?

• It will decrease consumer demand

• It will simplify tax regulations

• It could result in job losses and reduced growth

• It might lead to increased productivity

What is the business community's stance on tax evasion and avoidance?

• They oppose any changes

• They are indifferent

• They prefer no regulations

• They support stricter regulations

What is a key aspect of the industrial strategy discussed by both political parties?

• Short-term economic gains

• Long-term planning and investment

• Immediate tax cuts

• Reduction in public spending

What is the significance of having a clear industrial strategy post-Brexit?

• It limits international trade

• It provides a framework for economic growth

• It focuses on short-term gains

• It helps in reducing public spending

What is the business community's role in the Brexit discussions?

• To focus solely on domestic policies

• To provide input on timing and priorities

• To oppose all government decisions

• To ignore the Brexit process

Why might businesses prefer a delay in triggering Article 50?

• To increase uncertainty

• To ensure readiness and understanding of scenarios

• To avoid any changes in the economy

• To reduce consumer demand