Holger Schmieding Sees Parliament as Last Word on Brexit

The transcript discusses the challenges Theresa May faces with Brexit, focusing on the role of Parliament and the House of Lords in the decision-making process. It highlights the importance of Parliament's sovereignty in having a final say on the Brexit deal. The economic implications of Brexit are analyzed, noting that while consumption remains stable, investment and future growth may be affected. The discussion also touches on the potential long-term economic damage due to increased borders and reduced immigration and investment.

What is one of the main challenges the House of Lords faces in influencing Brexit decisions?

• They are divided on the issue.

• They are not interested in Brexit.

• They are not elected and have limited power.

• They have too much power and influence.

What aspect of the UK economy was expected to suffer immediately after the Brexit vote but did not?

• Investment

• Consumption

• Exports

• Government spending

What is a potential consequence of increased borders due to Brexit?

• Improved trade relations

• Economic growth

• Economic challenges

• Increased immigration

How is the UK's trend growth expected to change with a soft Brexit?

• Increase to 3.0%

• Remain at 2.2%

• Decrease to 1.0%

• Decrease to 1.8%

What might the UK need to do in response to lower trend growth post-Brexit?

• Increase immigration

• Loosen fiscal policy

• Tighten fiscal policy

• Increase investment