Danny Blanchflower: BOE's Next Move Is a Rate Cut

The transcript discusses the economic risks associated with Brexit, highlighting the MPC's concerns about potential downside risks to the UK economy. It covers differing opinions on the economic impact of Brexit, including views from Mervyn King and other economists. The discussion also touches on the Bank of England's potential policy responses, such as rate cuts, in light of economic forecasts and the upcoming Brexit vote.

What is the main concern of the MPC regarding Brexit's impact on the UK economy?

• Higher employment rates

• Improved trade relations

• Downside risks to the economy

• Increased political stability

What is the potential consequence of a Brexit vote according to the discussion?

• Recession

• Increased foreign investment

• Economic boom

• Stable growth

Which economist expressed skepticism about the severe warnings related to Brexit?

• Mervyn King

• Carla

• Danny

• Reese Morgan

What policy action has been suggested by some for the Bank of England in response to Brexit uncertainty?

• Raising interest rates

• Cutting interest rates

• Increasing taxes

• Reducing government spending

What is the expected economic trend if the UK votes to remain, according to the discussion?

• Immediate economic recovery

• Increased exports

• Continued economic slowdown

• Rapid inflation