Are the Tories to Blame for the Cost of Living Crisis?

The video discusses the UK's cost of living crisis, focusing on high inflation and energy prices. It compares the UK's situation with other countries, highlighting the unique challenges faced by the UK due to its energy market structure and reliance on gas. The video also explores the impact of the weak pound and post-Brexit trade barriers on inflation, and considers the role of government decisions in exacerbating these issues.

What are the two main factors blamed for the UK's cost of living crisis?

• Brexit and unemployment

• Inflation and energy bills

• Housing prices and taxes

• Healthcare costs and education fees

Which country had the highest CPI inflation level in the G7 as of November 2022?

• Germany

• United States

• Italy

• Canada

What was the average price of electricity per kWh for households in the UK as of June 2022?

• $0.47

• $0.11

• $0.22

• $0.16

Why did many small energy companies in the UK collapse after the invasion of Ukraine?

• They couldn't charge more due to the energy price cap

• They had too many customers

• They were bought by larger companies

• They switched to renewable energy

What percentage of the UK's electricity is produced using gas?

• 60%

• 40%

• 20%

• 10%

What has been a significant driver of high inflation in the UK besides energy costs?

• Increased exports

• Strong pound

• High employment rates

• Slump in the pound

Which political decision is mentioned as contributing to the UK's economic challenges?

• Increasing taxes

• Reducing public spending

• Joining the EU

• Leaving the EU (Brexit)