Theresa May's Plan to Keep Money in the U.K.

The transcript discusses Chancellor Hammond's readiness to abandon the idea of EU single market membership due to immigration control issues. It highlights the potential impact on UK's financial services and the competition from other European cities like Paris and Frankfurt. The discussion also covers the political pressure on Theresa May to trigger Article 50, with considerations of upcoming elections in France and Germany affecting the timeline.

What is the main reason Chancellor Hammond is reconsidering the UK's membership in the EU single market?

• Opposition from global financial firms

• Pressure from the EU to increase trade tariffs

• Desire for stronger control over immigration

• Lack of support from the UK Treasury

Which European city is NOT mentioned as a potential new financial center?

• Frankfurt

• Berlin

• Dublin

• Paris

What is the potential impact on Europe if London loses its status as a financial center?

• It would benefit European companies by reducing competition

• It would be equally damaging to both Europe and the UK

• It would lead to increased trade tariffs for European countries

• It would have no impact on European companies

What is the significance of triggering Article 50 for the UK?

• It resolves all immigration issues with the EU

• It officially starts the Brexit negotiation process

• It allows the UK to negotiate trade deals with non-EU countries

• It grants the UK temporary EU membership benefits

Why is there pressure on Theresa May to trigger Article 50 sooner rather than later?

• To avoid conflicts with upcoming elections in France and Germany

• To prevent other EU countries from leaving the union

• To ensure the UK remains in the EU single market

• To gain immediate financial benefits from the EU