Hammond: U.K. Has Turned an Important Corner on Austerity

Hammond: U.K. Has Turned an Important Corner on Austerity

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the UK's economic strategies, focusing on ending austerity, managing public debt, and reducing the deficit. It highlights the importance of increasing productivity and competitiveness, addressing supply side challenges, and maintaining fiscal reserves amid Brexit uncertainties. The discussion also covers the need for fair taxation in the digital economy and the implications of Brexit on the customs union.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has the UK government prioritized alongside reducing the deficit?

Increasing public debt

Supporting public services

Reducing productivity

Raising taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered a vital part of the UK's economic plan for the future?

Reducing productivity

Increasing public debt

Securing a good Brexit deal

Raising taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge for the UK's economic growth according to the transcript?

High unemployment

Low productivity

Low public spending

High inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK's current economic issue according to the transcript?

Low unemployment

High inflation

Supply side problems

Demand side problems

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK's stance on the level of the pound?

The market determines the level

The EU sets the level

The central bank sets the level

The government sets the level

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the focus of the proposed 'Amazon tax'?

Online sales tax

Tax on digital platform companies

Tax on physical stores

Tax on imported goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK's approach to the Customs Union during Brexit negotiations?

Immediate exit

Remain indefinitely

Permanent membership

Temporary period with continuity