Is U.K. Prime Minister Theresa May's Honeymoon Over?

The transcript discusses the Conservative Party conference and the challenges faced by Theresa May in her initial months as Prime Minister, particularly regarding Brexit. It highlights the composition of the Brexit committee, which leans towards a hard Brexit, and the market's reaction to these developments. The transcript also covers the concerns of bankers about communication issues with Brexit-related departments and the potential impact on the financial sector.

What were some of the challenges faced by the Prime Minister on the road to Brexit?

• Parliamentary pressure and court cases

• Support from all political parties

• No opposition from other countries

• Unanimous approval from the public

What is notable about the composition of the Brexit negotiation committee?

• It is led by the Scottish Secretary

• It has no members from the Conservative Party

• It is dominated by hard Brexit supporters

• It includes representatives from all UK regions

How does the market react to hard Brexit news?

• The pound strengthens

• Inflation rates drop

• The pound weakens

• Gilt yields decrease

What issue are bankers facing in relation to Brexit?

• Lack of clarity on which department to contact

• Excessive support from the government

• Too many clear guidelines

• No impact on their operations

What is the concern of banks regarding Theresa May's priorities?

• She prioritizes immigration over market access

• She focuses solely on banking issues

• She supports only the Scottish banks

• She has no clear Brexit plan