WPP CEO Sorrell on the Ramifications From Brexit Vote

The transcript discusses the political fallout following a referendum, focusing on leadership changes and the uncertainty faced by businesses. It highlights the tension between the need for governmental negotiations and business demands for clarity. The process of triggering Article 50 and the legal challenges involved are examined. Potential future political scenarios, including elections and another referendum, are also considered.

What was the immediate political consequence following the referendum?

• The Tories began competing for leadership roles

• Theresa May resigned

• Article 50 was triggered immediately

• A new referendum was announced

What is the main concern for businesses regarding the Brexit process?

• The need for new trade partners

• The possibility of a new currency

• The potential for increased taxes

• The lack of immediate clarity

What legal challenge is mentioned in relation to triggering Article 50?

• Whether it can be reversed once triggered

• Whether it requires a public vote

• Whether it can proceed without an act of Parliament

• Whether it needs EU approval first

By what year did Theresa May suggest Article 50 might be triggered?

• 2019

• 2016

• 2017

• 2018

What potential event could occur if the Brexit terms are not satisfactory?

• A new referendum on the negotiated terms

• Immediate implementation of the terms

• A complete halt to the Brexit process

• A change in the EU membership rules