Are Brexit Economy Consequences Any Clearer?

The video discusses the UK's economic outlook following the autumn statement, highlighting challenges such as increased borrowing due to Brexit, productivity issues, and housing market concerns. It debates the role of central banking and monetary policy, questioning the effectiveness of zero interest rates. The discussion also covers taxation, inequality, and the limitations of economic forecasts, suggesting potential policy changes to address these issues.

What is one of the main reasons for the forecasted extra borrowing in the UK?

• Decreased tax receipts

• Higher inflation rates

• Increased public spending

• Brexit decision

What are the two key failures of the British economy mentioned in the video?

• Trade deficits and high interest rates

• Housing market bubble and lack of productivity growth

• High unemployment and low exports

• Rising inflation and decreasing GDP

What is suggested as a necessary reform for the British economy?

• Increasing exports

• Increasing interest rates

• Reforming central banking

• Reducing public spending

What is the concern about changing central bank independence?

• It could lower interest rates

• It might cause market instability

• It could lead to higher inflation

• It would increase public debt

What is the main issue with zero interest rates according to the video?

• They increase inflation

• They do not spread wealth effectively

• They reduce public spending

• They increase borrowing costs

What is a significant challenge in addressing inequality in the UK?

• Decreasing GDP

• Rising inflation

• Limited fiscal space for tax cuts and public services

• High unemployment rates

What is the public perception of cutting corporation tax in the current climate?

• It is widely supported

• It is seen as beneficial for all

• It is unpopular due to inequality concerns

• It is considered necessary for growth