Carney Says Uncertainty Remains Elevated Amid `Fog of Brexit'

The video discusses the economic tensions caused by Brexit, highlighting the lack of business preparedness for a no-deal scenario. Despite strong corporate balance sheets, business investment has declined, though employment rates are high. Household tensions are evident with declining consumer confidence and stagnant housing markets. Financial markets remain sensitive to Brexit news, affecting UK asset prices. The global economy is slowing, but monetary policy adjustments may stabilize growth.

What is one of the main reasons businesses are not prepared for a no-deal Brexit?

• Strong domestic expansion

• Increased consumer spending

• High corporate taxes

• Lack of contingency planning

Despite a strong labor market, what has been the trend in consumer confidence?

• It has remained stable

• It has increased significantly

• It has fluctuated unpredictably

• It has decreased

How has the uncertainty surrounding Brexit affected spending on housing?

• Increased spending on renovations

• Decreased spending on housing transactions

• Stable spending on housing

• Increased mortgage demand

What is the current state of UK financial markets in relation to Brexit?

• They have stabilized completely

• They are only affected by global economic trends

• They are unaffected by Brexit news

• They are highly sensitive to Brexit-related news

What assumption has the MPC made regarding global economic growth?

• It will remain unpredictable

• It will experience rapid growth

• It will stabilize at potential rates

• It will continue to decline