Richards: Business Getting Very Little Clarity on Brexit

The video discusses the ongoing uncertainty surrounding Brexit, highlighting the lack of clarity for businesses and the potential need for strategic adjustments. It explores the implications for Sterling and inflation, noting the possible rise in interest rates. The video also addresses market uncertainties and the challenges in predicting economic outcomes due to Brexit.

What is the current understanding of Brexit according to the speaker?

• Brexit means the UK will remain in the EU.

• Brexit means Brexit, but there is still little clarity.

• Brexit means Brexit, and there is complete clarity.

• Brexit means the UK will have no trade with the EU.

What is one of the first steps businesses are taking to prepare for Brexit?

• Relocating all operations to the UK.

• Setting up legal structures in EU countries.

• Ceasing all trade with the EU.

• Hiring more UK-based employees.

How might Brexit affect the value of sterling according to the speaker?

• Sterling may be supported by rising interest rates.

• Sterling is expected to weaken dramatically.

• Sterling is expected to strengthen significantly.

• Sterling will remain unaffected by Brexit.

What economic factor could provide support for sterling?

• A fall in oil prices.

• A decrease in consumer confidence.

• A rise in interest rates.

• A decrease in inflation.

What is the anticipated impact of Brexit on UK inflation?

• Inflation will not be affected by Brexit.

• Inflation is expected to remain stable.

• Inflation is expected to decrease.

• Inflation is expected to rise.