BCC's Marshall on U.K. Growth, Brexit, BOE Policy

The transcript discusses the impact of Brexit on business investments, highlighting the devaluation of sterling and inflation. It addresses political theater affecting business confidence, especially concerning citizen rights and trade deals. The potential economic risks of Brexit, such as a 'cliff edge', are examined. The discussion also covers interest rate changes and their implications for businesses, emphasizing the need for gradual adjustments. Finally, it contrasts political posturing with the real concerns of businesses, such as infrastructure and skills development.

What has been a significant economic consequence of the devaluation of sterling in recent years?

• Decrease in inflation

• Increase in business investments

• Rise in inflation

• Stability in currency value

What is a major concern for businesses regarding the political negotiations of Brexit?

• The abundance of trade deals

• Uncertainty about citizens' rights

• The certainty of a trade agreement

• The lack of political theater

What is a key factor that businesses want resolved early in the Brexit negotiations?

• Expansion of the manufacturing sector

• Trade agreements with non-EU countries

• Reduction in corporate taxes

• Rights of European residents in the UK

What is the business community's preference regarding interest rate changes?

• Immediate normalization

• Gradual and gentle increases

• Sudden large increases

• No changes at all

What is a potential risk if businesses face multiple adjustment costs due to Brexit?

• Immediate economic growth

• Stable market conditions

• Decreased competitiveness

• Increased competitiveness