Sajid Javid interview on GDP figures and Brexit

The transcript discusses the UK's economic fundamentals, highlighting strong employment, wage growth, and decreasing national debt. It covers a new spending round focused on Brexit, NHS, police, and schools. The UK economy faces contraction due to global and UK-specific factors, including a global slowdown and Brexit-related stockpiling. The need for Brexit certainty to reduce economic volatility is emphasized.

What are some of the strong fundamentals of the UK economy mentioned in the video?

• Decreasing GDP

• High unemployment and low wages

• Record employment and growing wages

• Increasing national debt

What is the main focus of the new spending round announced by the Chancellor?

• Leaving the European Union

• Increasing exports

• Reducing taxes

• Improving public transportation

Which sectors are prioritized in the new spending plan?

• Defense, agriculture, and tourism

• NHS, police, and schools

• Energy, manufacturing, and retail

• Technology, finance, and real estate

What global factor is contributing to the UK's economic contraction?

• Population growth

• Rising oil prices

• Trade wars

• Technological advancements

How did stockpiling by British businesses affect the economic figures?

• It improved consumer confidence

• It caused a temporary increase in GDP

• It led to a decrease in exports

• It resulted in volatility in economic figures