BCC's Marshall on U.K. Economy, Brexit Negotiations

The transcript discusses the challenges of modeling the UK economy amid uncertainties like inflation and Brexit. It highlights the impact of Brexit on business sentiment and the importance of securing a transition deal. Businesses are planning for various outcomes, with some already acting on contingency plans. The discussion also covers trade deal frameworks and the potential impact of political changes, such as a Jeremy Corbyn administration, on business strategies.

What assumptions are made regarding inflation in the UK economy?

How does the Brexit process impact business sentiment according to the text?

What does the term 'Cliff edge scenario' refer to in the context of Brexit?

How do businesses plan for different outcomes in the context of Brexit?

What practical questions do businesses want answers to regarding the post-Brexit environment?

What are the concerns businesses have regarding the potential change in government?

What are the mixed feelings businesses have towards the Labour Party's proposals?