Recovery Plan Will Save U.K. From `Economic Scarring': Lawmaker

The video discusses the UK's plans to address unemployment amid the pandemic, including the furlough scheme and measures to support specific industries. It highlights the importance of retaining jobs, developing skills, and boosting economic confidence through infrastructure projects and tax incentives. The potential impact of a stamp duty holiday on the housing market is debated, and the need for fiscal responsibility is emphasized, with future plans to address the budget deficit.

What is the primary goal of the furlough scheme mentioned in the video?

• To promote international trade

• To increase government revenue

• To retain the link between employees and their jobs

• To reduce the number of working hours

What is one of the criticisms of the stamp duty holiday discussed in the video?

• It will reduce consumer confidence

• It will artificially boost house prices

• It will decrease house prices

• It will lead to higher unemployment

What is a key focus of the measures to support those who lose their jobs?

• Increasing taxes

• Providing skills and work coaching

• Reducing government spending

• Promoting international travel

What is one of the strategies mentioned to boost confidence in the economy?

• Limiting infrastructure projects

• Decarbonizing public services

• Increasing interest rates

• Reducing public transport

What historical context is provided regarding the UK's deficit management?

• The deficit was eliminated completely

• The deficit remained constant at 5%

• The deficit increased from 2% to 10%

• The deficit was reduced from 10% to under 2%