Buying More Time Would Be Less Damaging Than No-Deal Brexit, Says Moody’s Ellis

The transcript discusses the potential outcomes of Theresa May's bill in Parliament, focusing on the changes made to appease the European Research Group (ERG) and the opposition. It highlights the economic impact of Brexit uncertainty, including potential GDP loss and credit rating concerns. The discussion also covers the importance of institutional strength in managing economic challenges and the potential long-term effects of Brexit on the UK economy.

What are the short-term disruptions that may arise from the Brexit process?

Discuss the factors that contribute to the UK's institutional strength as mentioned in the text.