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Bloomberg Surveillance

Surveillance: Brexit With London Mayor

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 7 December 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

London Mayor Sadiq Khan discusses the potential for coronavirus lockdowns paired with a no-deal Brexit. Steve Chiavarone, Federated Hermes Portfolio Manager, says the coming vaccine represents an enormous stimulus for the economy. Mercedes Carnethon, Northwestern University Department of Preventative Medicine Vice Chair, says it would be ideal to see essential workers in next round of vaccines. Tina Fordham, Avonhurst Advisory Services Head of Global Political Strategy, worries that markets are getting ahead of politics on stimulus. Daniel Ahn, BNP Paribas Chief U.S. Economist & Head of Macro Strategy, says demand may never return in certain sectors.

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Transcript

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0:00.0

On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference,

0:05.2

Bloomberg Green will convene the foremost leaders in business, finance, policy, academia,

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and NGOs for candid conversations focused on creating solutions to support

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the goals set forth at COP28. Join our community of global influencers and

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problem solvers in Dubai to build connections, inspire innovation and challenge the status quo in the

0:25.1

battle against climate change. Register at Bloomberg Live. I'm Tom Keene.

0:43.5

Daily, we bring you insight from the best

0:45.9

in economics, finance, investment,

0:48.1

and international relations.

0:49.8

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the

0:56.4

Bloomberg.

0:57.4

Now the current virus crisis will shrink London's economy by 44 billion pounds and a

1:01.9

full rebound could take until summer 2022.

1:04.5

Now that's a warning today in a new report by GLA Economics Unit at City Hall.

1:09.3

With culture, leisure, retail and hospitality all hard hit by lockdowns and social distancing measures.

1:15.4

The report also says 2021 could see a 4.5% drop in the number of jobs in the capital.

1:21.3

Well, I'm very pleased to be joined by the capital. Well I'm very pleased to be joining or joined by the mayor of

1:25.0

London, Sadee Khan, who joins us from the Historic Cutisarch in Greenwich, the

1:28.7

world's only surviving T-Clipper mayor and I think built in 1896 and I don't know whether it goes TV

1:35.0

a mayor and I think built in 1896 and I don't know whether it goes to the kind of deals that you think

1:37.0

London and the UK should try and have post Brexit

1:40.0

but how damaging would a no-deal Brexit be for the city of London?

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