Carnell: Pound Goes 'Quite a Lot Lower' in Hard Brexit

The video discusses the complexities of Brexit negotiations, focusing on the challenges faced by Theresa May in balancing control over immigration and lawmaking with economic stability. It examines the potential impact on the British pound and the role of the Bank of England in managing growth and inflation. The discussion also explores the future of the UK economy, highlighting potential challenges and opportunities for reinvention.

What is the main challenge Theresa May faces in the Brexit negotiations?

• Reducing the national debt

• Maintaining the UK's membership in the EU

• Securing a trade deal with the US

• Balancing control over lawmaking and immigration

How might Brexit affect the British pound according to the discussion?

• It will increase slightly

• It will likely decrease in value

• It will remain stable

• It will strengthen significantly

What is one of the key focuses of the Bank of England in the short term?

• Increasing interest rates

• Focusing on growth over inflation

• Strengthening the British pound

• Reducing unemployment

What could be a potential consequence of rising inflation on consumer behavior?

• No impact on consumer spending

• Increased consumer spending

• Decreased consumer spending

• Stable consumer spending

What is a possible outcome for the UK and London in five years post-Brexit?

• Unchanged economic status

• Complete economic collapse

• Reinvention and adaptation

• Becoming part of the EU again