Carney Says U.K. Entering Period of `Profound Structural Change'

The video discusses the UK's GDP growth, highlighting the importance of sustained positive signals from global and domestic activities. It explores the potential need for policy tightening to maintain inflation at the 2% target if the economy recovers as projected. The UK is poised for significant structural changes, including new trading arrangements, immigration policies, and initiatives in infrastructure and regional development. The Monetary Policy Committee (MPC) will assess these developments to ensure economic balance and support growth and jobs for the UK populace.

What might affect the sustainability of positive signals from global and domestic activities?

• Strong domestic prices

• Weak domestic prices

• Increased global demand

• Stable economic policies

What is the target inflation rate that may require policy tightening?

• 1%

• 2%

• 3%

• 4%

What is one of the major initiatives the UK is likely to undertake in the coming decade?

• Expansion of the oil industry

• Development of a lower carbon economy

• Increase in coal production

• Reduction in renewable energy projects

What role will the MPC play in the UK's structural changes?

• Negotiating trade deals

• Assessing supply and demand balance

• Setting immigration policies

• Managing infrastructure projects

Which of the following is NOT mentioned as a potential change in the UK?

• New trading arrangements

• A new immigration policy

• Regional development initiatives

• Increased coal mining