Harrison: Brexit Impact a Long, Slow Drag on U.K.

The video discusses the UK's economic state post-Brexit, highlighting a slow economic impact and potential weaknesses in investment. It analyzes Sterling's performance, inflation, and the Bank of England's approach. The discussion explores Brexit as both a demand and supply shock, affecting long-term inflation dynamics. The potential for a hard Brexit is examined, focusing on immigration and political red lines, leading to detailed bilateral negotiations.

What is the nature of the economic impact of Brexit on the UK according to the initial data?

• A long and slow process

• A short and sharp shock

• An immediate and severe impact

• No noticeable impact

Which financial institution predicted a weaker Sterling at 110 by the end of 2017?

• Bank of England

• Morgan Stanley

• HSBC

• Goldman Sachs

What is the main uncertainty regarding Brexit's impact on the economy?

• Whether it will lead to a stronger currency

• Whether it will increase consumer spending

• Whether it will decrease unemployment

• Whether it is a demand or supply shock

What is the base case scenario for Brexit according to the discussion?

• Rejoining the EU

• No Brexit

• Hard Brexit

• Soft Brexit

What is considered a hard red line in the political process of Brexit?

• Maintaining current immigration levels

• Joining the EEA

• No central budget contribution

• Increasing trade tariffs