Brexit Extension Weakens U.K. Economy Long-Term, Says Euler Hermes’s Garatti

The video discusses the extension of the Brexit deadline to October 31st and its implications for the UK and European economies. It highlights the short-term benefits of avoiding a harsh Brexit but emphasizes the long-term uncertainties it creates. The debate on the resilience of the UK economy is explored, with concerns about its performance and growth potential. The impact on the Bank of England's monetary policy and the broader effects on trade flows and global trade negotiations are also examined.

In what ways has the uncertainty surrounding Brexit affected businesses in the UK?

What are the long-term economic challenges that the UK might face due to Brexit?