The Impact of Brexit on the City of London

The transcript discusses Boris Johnson's withdrawal agreement bill and its implications for business and the UK economy. It highlights the reluctance of businesses to accept the agreement, the importance of negotiating a future relationship with the EU, and the potential for the UK to remain in the EU. The impact of Brexit on London's economy is also examined, noting the slowdown in investment and the need for a resolution to move forward.

What was the main reason businesses were willing to accept Boris Johnson's withdrawal agreement bill?

• To increase investment in the UK

• To strengthen ties with the US

• To reduce taxes on businesses

• To avoid a no-deal Brexit and move forward

What are the two potential outcomes discussed regarding the withdrawal agreement?

• Accepting the deal or forming a new government

• Backing the deal or renegotiating with the EU

• Rejecting the deal or holding a new election

• Backing the deal or taking the decision back to the public

What is the concern of businesses regarding the ongoing Brexit process?

• Increased taxes on exports

• Continuous uncertainty affecting investment

• Lack of skilled labor

• Rising inflation rates

How has Brexit impacted London's economy in the short and medium term?

• It has led to a complete economic downturn

• It has caused a slowdown in foreign direct investment

• It has resulted in a significant increase in GDP

• It has improved trade relations with non-EU countries

Despite Brexit, which sectors in London continue to grow?

• Agriculture and manufacturing

• Financial services and technology

• Tourism and hospitality

• Retail and construction