Is London's Financial Powerhouse at Risk?

The transcript discusses the potential scope of a UK-EU deal, highlighting that it may cover various sectors beyond trade, such as security and transport. It also examines the impact of Brexit on the financial sector, noting the challenges of equivalence decisions and the movement of financial services out of the UK. The economic implications for the UK, including potential GDP and tax revenue losses, are also explored.

What type of deal does the UK government prefer with the EU?

• A free trade deal similar to those with Canada and Japan

• A deep deal with significant regulatory alignment

• A deal that excludes aviation transport

• A deal focused solely on security cooperation

What is a major concern regarding financial services equivalence between the UK and the EU?

• It requires no regulatory alignment

• It guarantees permanent access to EU markets

• It is only applicable to small businesses

• It can be unilaterally withdrawn at short notice

What has been the impact on London's status as a financial hub post-Brexit?

• It faces challenges due to job and asset relocation

• It has become the sole financial center in Europe

• It remains unchanged

• It has strengthened significantly

What percentage of the British economy is contributed by the financial services sector?

• 10%

• 2%

• 5%

• 8%

What is a potential risk for the UK government if financial services business transfers to the EU?

• Loss of a high-value sector

• Strengthened trade relations

• Increased GDP

• Higher tax revenues