Turnill: U.K. Not in Doomsday Scenario Post-Brexit

The video discusses the impact of Brexit on the UK's economy, focusing on the current account deficit and sterling depreciation. It highlights the challenges faced by the banking sector, particularly regarding passporting issues, and explores future predictions for the UK's economic stability.

What is one of the main reasons for the prolonged pressure on the British pound post-Brexit?

• Increase in UK exports

• Strengthening of the Euro

• Persistent current account deficit

• Rise in foreign investments

How might sterling depreciation affect London's status as a financial hub?

• It will make London the most expensive city for bankers.

• It will lead to an increase in passporting issues.

• It will have no impact on London's financial status.

• It could make London more attractive due to lower costs.

What is a potential challenge for banks in London due to Brexit?

• Decrease in local demand for banking services

• Lack of skilled workforce

• Issues with passporting

• Increase in local taxes

What is a key factor in determining whether the UK's current account deficit is problematic?

• The size of the deficit

• The ability to fund the deficit

• The number of years the deficit has persisted

• The comparison with other European countries

What scenario is considered positive for the UK's current account deficit?

• A gradual closing with stable sterling levels

• A sudden increase in foreign investments

• A rapid closing due to capital withdrawal

• An increase in the deficit size