UBS' Wraith Says U.K. Rates Not Going Anywhere

The video discusses the economic outlook for the UK post-Brexit, highlighting the potential for interest rates to remain on hold due to economic uncertainties. It compares the growth prospects of the Euro area and the UK, noting a shift in economic dynamics. A poll reveals changing perceptions of Brexit's impact on income, with poorer individuals now viewing it more negatively. The discussion also covers consumer behavior and spending in light of inflation and economic forecasts, and the potential for dissent within the Monetary Policy Committee (MPC) regarding interest rate decisions.

What is the primary concern regarding UK economic growth in the context of Brexit?

• Rapid wage growth

• Elevated inflation with stagnant wages

• Increased consumer spending

• Strong corporate investment

How did public sentiment on Brexit's impact change over time according to income categories?

• Rich people became more optimistic

• Middle-income groups became more positive

• Poor people remained positive

• Everyone became more pessimistic

What is a significant factor influencing consumer spending behavior post-Brexit?

• Anticipation of future inflation

• Stable real incomes

• Decreasing inflation

• Increased savings

What is the current expectation for UK growth according to the Bank of England forecasts?

• 2%

• 1%

• 4%

• 3%

What is the likelihood of dissent within the MPC regarding interest rate decisions?

• Certain

• Very likely

• Unlikely due to upcoming elections

• Already occurred