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On Wednesday, The Guardian received secret tapes of British Prime Minister Theresa May speaking to Goldman Sachs back in May. In the recordings, she expressed concern over the economic impacts of Brexit.
"I think being part of a 500-million trading bloc is significant for us. I think, as I was saying to you a little earlier, that one of the issues is that a lot of people will invest here in the U.K. because it is the U.K. in Europe.” May continued: “If we were not in Europe, I think there would be firms and companies who would be looking to say, do they need to develop a mainland Europe presence rather than a U.K. presence?”
A number of firms are indeed now asking that question, and are considering a move from London to continental Europe. It's one of many problems for May, who is being accused this week of not having a clear Brexit plan as the U.K. aims to figure out its fiscal budget for the upcoming year, and now seems to have made a 180 in her Brexit position.
Rowena Mason, deputy political editor for The Guardian, joins The Takeaway to discuss the importance of these tapes, and how they complicate Theresa May's political standing.