U.K. Economy Faces New Hurdles After Brexit Deal

The transcript discusses the economic implications of the Brexit deal, highlighting that while a deal is better than no deal, staying in the EU would have been more beneficial for UK growth. It covers the expected trade frictions and customs challenges, including potential food shortages. The impact on the currency and foreign investment is also examined, noting that the pound has not fully recovered since the Brexit vote. The Bank of England's potential response, including the possibility of negative interest rates, is discussed in light of the current economic situation and COVID-19 restrictions.

What are the potential economic consequences of the UK leaving the EU according to Bloomberg Economics?

How does the uncertainty surrounding Brexit affect the value of the pound?

What does the governor of the Bank of England say about the nature of trade deals post-Brexit?

What are the implications of negative interest rates for the UK economy in 2021?

How might the new customs declarations impact businesses in the UK?