Susannah Streeter comments on Jeremy Hunt 's announcement on the new mini-budget

Susannah Streeter comments on Jeremy Hunt 's announcement on the new mini-budget

Assessment

Interactive Video

Social Studies, Business

University

Hard

Created by

Wayground Content

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which tax-cutting measures were retained by the UK government?

Cut to stamp duty and reversal of the rise in National Insurance

Elimination of capital gains tax and reduction in income tax

Increase in National Insurance and cut to stamp duty

Increase in VAT and reduction in corporate tax

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the immediate effect on the pound after the government's policy changes?

The pound fell sharply

The pound rose above $1.13

The pound dropped below $1.00

The pound remained stable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the policy changes affect government borrowing costs?

Borrowing costs increased significantly

Borrowing costs remained unchanged

Borrowing costs decreased

Borrowing costs were eliminated

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact on interest rates due to the removal of inflationary policies?

Interest rates will fall significantly

Interest rates will remain unchanged

Interest rates may not rise as steeply

Interest rates will rise sharply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might happen to mortgage rates next year according to the analysis?

Mortgage rates will remain the same

Mortgage rates might decrease slightly

Mortgage rates will increase significantly

Mortgage rates will be eliminated