Mervyn King Says House of Lords Must Be Careful on Brexit

The video discusses the contrasting impacts of Brexit on politics and the economy, highlighting the significant political changes and relatively minor economic effects. It explores the role of the House of Lords in the Brexit process and emphasizes the need for the UK to establish its immigration policy. The discussion also covers economic challenges, such as the current account deficit and inequality, and the implications for financial services and trade.

What does the speaker imply about the political class's focus in relation to Brexit?

What is the speaker's opinion on transitional arrangements in the context of Brexit negotiations?

What does the speaker suggest about the future of the City of London in the context of Brexit?