Mark Carney interview on No-Deal Brexit

The transcript discusses the anticipated changes in business operations due to Brexit, emphasizing the importance of consensus in Parliament and negotiations with the European Union. It highlights the need for businesses to understand both the destination and details of new arrangements, allowing time for adjustment. The discussion also covers the impact on business investment, jobs, and wages, particularly in Scotland, and stresses the importance of a transition period for effective planning.

Why is it important for businesses to know both the destination and details of post-Brexit arrangements?

• To ensure they can adjust their operations accordingly

• To immediately increase their profits

• To expand their business internationally

• To avoid paying taxes

What is the potential impact of forming a consensus with Europe on businesses?

• It will allow businesses to adjust to new arrangements

• It will result in businesses leaving the country

• It will have no impact

• It will lead to immediate financial losses

What is the role of Parliament in the Brexit process?

• To decide the form of Brexit with Europe

• To reduce the national debt

• To increase business taxes

• To negotiate trade deals with Asia

What is the main focus of the transition period post-Brexit?

• To immediately implement new laws

• To reduce the workforce

• To allow businesses to adjust to new realities

• To increase taxes

What is a key challenge for businesses during the transition period?

• Hiring more employees

• Reducing production costs

• Adjusting to new arrangements

• Finding new markets