Barclays CEO Jes Staley on Brexit

Barclays CEO Jes Staley on Brexit

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the potential impacts of Brexit, particularly a hard Brexit, on the UK economy and financial markets. It highlights predictions of GDP reduction and currency devaluation. The CEO of a major bank explains their preparations for a hard Brexit, including expanding operations in Ireland and setting up contingency plans. The bank is focused on risk management and ensuring continuity in services across Europe and the UK, despite potential disruptions in trade and agriculture.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential economic impacts of a hard Brexit on the UK's GDP and currency?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the uncertainty surrounding Brexit affect the equity markets in the UK?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the governor of the Bank of England play in addressing Brexit-related economic concerns?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How has Barclays prepared for the possibility of a hard Brexit?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges might farmers in the UK face after a hard Brexit?

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