JPMorgan's Dryden: U.K. Consumer May Feel Pain of Brexit

The video discusses the impact of Brexit on the UK economy, highlighting robust data that contradicts initial forecasts. Concerns include a record current account deficit and a significant drop in retail sales, indicating consumer strain. Business investment is on hold pending political clarity. The potential for interest rate hikes is debated, given the economic slowdown and high consumer debt.

What is one of the main concerns highlighted in the initial discussion about Brexit's impact?

• Increase in employment rates

• Record current account deficit

• Decrease in housing prices

• Surge in foreign investments

How much of the UK's GDP is made up by consumer spending?

• 40%

• 70%

• 50%

• 60%

What is a significant factor causing businesses to hesitate in their investment spending?

• Political uncertainty

• Rising energy costs

• Lack of skilled labor

• High inflation rates

What is the current stance of the Bank of England regarding interest rates?

• Aggressively increasing rates

• Maintaining a neutral stance

• Planning to decrease rates

• Eliminating interest rates

What is the likelihood of a rate hike this year according to the discussion?

• 10%

• 70%

• 30%

• 50%