UK's Post-Brexit Finance Plan: Over 30 Reforms Announced

The transcript discusses the UK government's financial reforms, focusing on increasing the ring fencing threshold and introducing new rules on short selling. These reforms, known as the Edinburgh reforms, are not as extensive as the Big Bang 2.0 deregulation. The discussion also touches on the impact of Brexit on the UK's financial sector, questioning whether EU regulations were holding back UK finance. The reforms aim to boost growth while maintaining financial stability.

What is the proposed change to the ring fencing threshold for smaller retail banks?

• Increase from £20 billion to £30 billion

• Increase from £25 billion to £35 billion

• Decrease from £35 billion to £25 billion

• Maintain at £25 billion

What is the main difference between the Edinburgh reforms and the Big Bang deregulation?

• Edinburgh reforms focus on deregulation

• Big Bang was more about regulation

• Big Bang was a minor regulatory change

• Edinburgh reforms aim for balanced regulation and growth

Who is the City of London Corporation policy chairman mentioned in the video?

• Liz Trust

• Jeremy Hunt

• Andrew Griffith

• Chris Haywood

How did the UK's finance industry perform when it was part of the European Union?

• It declined significantly

• It became world leading

• It remained stagnant

• It was heavily restricted

What is a key concern regarding the new financial measures post-Brexit?

• They will have no impact

• They will increase EU dependency

• They will decrease growth

• They might lead to financial instability