Montagne Says Economy Needs to Plan Ahead

The transcript discusses the economic uncertainty faced by the UK, emphasizing the need for a clear framework to guide recovery. It highlights the impact of the furlough scheme on employment and the challenges posed by Brexit. The discussion also covers inflation concerns and the potential policy responses by the Bank of England.

What is the main concern regarding the economic recovery discussed in the first section?

• The speed of recovery

• The certainty of recovery

• The role of international trade

• The impact of technology

What is considered essential for planning future economic activities in the context of COVID-19?

• A clear operational framework

• A new tax policy

• International cooperation

• Increased government spending

How does the end of the furlough scheme potentially affect the labor market?

• It will immediately boost employment

• It may cause a spike in unemployment

• It will have no effect

• It will lead to a decrease in wages

What is one of the long-term economic impacts of Brexit mentioned in the transcript?

• Increased international trade

• Ongoing economic challenges

• Improved labor market conditions

• Higher GDP growth

What is the Bank of England's current stance on inflation according to the transcript?

• Inflation is temporary

• Inflation requires immediate action

• Inflation is a permanent issue

• Inflation is not a concern

What is the expected impact of Brexit on GDP according to the forecast?

• Increase by 0.5% annually

• Increase by 1% annually

• Decrease by 0.5% annually

• Remain unchanged

What is the Bank of England waiting for before taking policy action?

• A change in government

• A clearer labor market picture

• An increase in GDP

• A decrease in inflation