UK Economy Grew 0.1% in Fourth Quarter

The video discusses the UK's economic situation, highlighting a 0.1% GDP growth that narrowly avoids recession. It examines the sharp decline in house prices due to high interest rates and the reluctance to take out mortgages. Additionally, it covers the 9.7% increase in the national living wage, which nearly matches inflation, and contrasts it with the lower wage growth in the public sector, leading to industrial actions.

What was the growth rate of the UK economy in the last quarter?

• 2.0%

• 1.0%

• 0.5%

• 0.1%

What is a major reason for the recent fall in UK house prices?

• Low demand for housing

• High interest rates

• Government housing policies

• Increase in new home constructions

By what percentage is the UK's national living wage set to increase?

• 7.5%

• 9.7%

• 4.0%

• 10.5%

How does the increase in public sector wages compare to the national living wage increase?

• It is not changing

• It is the same

• It is lower

• It is higher

What has been a consequence of the disparity in wage increases between the national living wage and public sector wages?

• Higher inflation

• Industrial actions and strikes

• Decreased consumer spending

• Increased employment