Buying More Time Would Be Less Damaging Than No-Deal Brexit, Says Moody’s Ellis

The transcript discusses the potential outcomes of Theresa May's bill in Parliament, focusing on the changes made to appease the European Research Group (ERG) and the opposition. It highlights the economic impact of Brexit uncertainty, including potential GDP loss and credit rating concerns. The discussion also covers the importance of institutional strength in managing economic challenges and the potential long-term effects of Brexit on the UK economy.

What is the main challenge Theresa May faces in passing her bill in Parliament?

• Gaining support from the European Union

• Convincing the European Research Group

• Securing votes from both Conservative and opposition MPs

• Reducing the economic impact of Brexit

What is a potential consequence of delaying a no-deal Brexit?

• Increased economic damage

• Reduced uncertainty and less economic damage

• Immediate economic recovery

• Strengthened opposition to Brexit

How much could the UK's GDP potentially fall in the event of a no-deal Brexit?

• 2%

• 4%

• 5.5%

• 6%

What aspect of the UK's strength has been revised down due to Brexit?

• Military strength

• Institutional strength

• Fiscal strength

• Economic strength

What is a key factor for large developed economies to avoid credit issues?

• High public revenue

• Strong institutional strength

• High GDP growth rates

• Low fiscal deficits