U.K. Business and the Risk of a No-Deal Brexit

The transcript discusses the concerns of businesses regarding the potential impact of a no-deal Brexit on October 31st. Many companies are worried about stockpiling and the effect on investment and jobs. Political figures like Boris Johnson and Jeremy Hunt have expressed a preference for securing a deal, but the uncertainty remains a significant risk. Businesses are looking for clear signals from the next Chancellor to ensure the UK is open for business, with a focus on immigration policy, business rates, and industrial strategy. The overarching concern is that Brexit continues to dominate business and investment decisions.

What is one of the main reasons businesses are worried about October 31st?

• The need to stockpile winter clothing

• The increase in summer gear demand

• The potential for a no-deal Brexit

• The rise in business rates

Who are the two candidates mentioned as favorites for the next Prime Minister?

• Theresa May and David Cameron

• Nigel Farage and Tony Blair

• Boris Johnson and Jeremy Hunt

• Gordon Brown and Nick Clegg

What is a significant concern for businesses if a no-deal Brexit occurs?

• Increased investment opportunities

• A boost in job creation

• A cliff edge effect on investment and jobs

• A rise in stockpiling of summer gear

What is a key expectation from the next Chancellor regarding immigration?

• To increase immigration restrictions

• To maintain the current policy

• To close the borders completely

• To moderate the immigration policy

What is one of the immediate tasks for the next Chancellor mentioned in the transcript?

• To address the apprenticeship levy

• To focus solely on short-term goals

• To increase business rates

• To reduce the number of small businesses