TransferWise CEO: Brexit Would Be Complete Disaster

The transcript discusses the potential impact of Brexit on London's status as a global fintech hub, highlighting the benefits of being part of the EU, such as regulatory consistency and free movement of talent. It explores the risks to London's entrepreneurial appeal if the UK leaves the EU and considers the Leave campaign's arguments for creating a more tech-friendly environment. The discussion includes business contingency plans in response to Brexit uncertainty and the effects on currency markets, emphasizing increased activity and consumer impact.

What are some benefits of the UK being part of the European Union, as mentioned in the video?

• Increased visa requirements for European talent

• Limited access to European markets

• Higher taxes and stricter regulations

• Access to a single regulatory regime and a large consumer market

How might Brexit affect London's appeal to entrepreneurs and tech companies?

• It will have no impact on London's status

• It will make London more attractive due to new tech-friendly rules

• It could reduce London's appeal as a tech hub

• It will increase London's status as a global finance capital

What is the stance of the Leave campaign regarding the tech industry post-Brexit?

• They believe Brexit will harm the tech industry

• They argue that new rules could make the UK more tech-friendly

• They think the tech industry will remain unchanged

• They plan to restrict tech industry growth

What are some potential business responses to Brexit mentioned in the video?

• Reducing workforce size

• Relocating headquarters to another European city

• Focusing solely on the UK market

• Increasing investment in the UK

How has the uncertainty surrounding Brexit affected money transfer activities?

• It has decreased the volume of transfers

• It has led to increased speculation

• It has increased the volume of transfers

• It has stabilized the currency markets