Will May's Industrial Strategy Get U.K. Economy Firing?

The video discusses the UK's industrial strategy, emphasizing long-term goals and innovation. It highlights the challenges posed by Brexit, including economic uncertainty and the impact on supply chains. The role of government in industry, particularly in preventing hostile takeovers, is examined. The Supreme Court's decision on Article 50 and its implications for parliamentary sovereignty are explored. Finally, the video critiques Theresa May's visit to President Trump, questioning the benefits of a bilateral trade deal.

What is the main focus of the industrial strategy introduced in the first section?

• Reducing government spending

• Innovation and skill training

• Short-term economic gains

• Increasing import tariffs

How does Brexit create uncertainty for industries like the car supply chain?

• By reducing consumer demand

• By limiting access to raw materials

• By increasing labor costs

• By affecting customs union status

What potential measure is discussed to support businesses during Brexit?

• Adjusting taxation and business rates

• Reducing employee wages

• Limiting foreign investments

• Increasing import tariffs

What is one potential advantage of Brexit mentioned in the third section?

• Lowering of business taxes

• Ability to stop takeovers of high-tech companies

• Increased trade with the EU

• Expansion of the labor market

What is the tension discussed regarding the UK's approach post-Brexit?

• Between increasing taxes and reducing spending

• Between increasing imports and exports

• Between being outward-looking and interventionist

• Between expanding and contracting the labor market

What could the Supreme Court ruling potentially affect in the Brexit process?

• The UK's trade agreements with the US

• The Prime Minister's term

• The UK's membership in the EU

• The timeline for triggering Article 50

What is the critique of Theresa May's approach to President Trump?

• She is rushing in without caution

• She is too cautious

• She is too aggressive

• She is ignoring international relations