Simon French: Brexit a Long, Slow Drag on U.K.

The video discusses the long-term economic impact of Brexit, highlighting the slow drag on UK competitiveness. It outlines the political timetable driving Brexit negotiations, emphasizing the importance of the German elections. The potential for EU reform on free movement is explored, considering the anti-immigration sentiment in Europe. The Bank of England's monetary policy is examined, with a focus on inflation and the potential impact of currency fluctuations.

What is the expected long-term impact of Brexit on UK competitiveness according to the transcript?

• A rapid increase in competitiveness

• A long but slow drag on competitiveness

• No impact on competitiveness

• A short-term boost followed by stability

Why was the UK government keen to trigger Article 50 before the French and German elections?

• To avoid political challenges and maintain legitimacy

• To align with the US election cycle

• To influence the EU's internal policies

• To gain immediate economic benefits

How might the dynamics in France and the Netherlands influence EU policy on free movement?

• By having no influence at all

• By eliminating free movement entirely

• By leading to a more job offer-based approach

• By strengthening the free movement policy

What is the Bank of England's stance on the expected inflation spike?

• It will ignore inflation entirely

• It will lower interest rates to manage it

• It will tolerate certain levels of inflation

• It plans to immediately counteract it

Under what condition might the Bank of England take policy action?

• If there is a significant further drop in sterling

• If unemployment rates decrease

• If the UK economy grows rapidly

• If inflation falls below 1%