Sentance: U.K. Uncertainty an Economic Drag for BOE

The video discusses economic forecasts for 2018, highlighting growth predictions by organizations like the OECD and the Bank of England. It identifies two main drags on the economy: rising import prices and investment uncertainty. The discussion also covers political events such as the French and German elections and the UK's Article 50, which contribute to economic instability. Despite these challenges, business confidence remains resilient post-referendum.

What is the expected growth rate for the economy in 2018 according to independent forecasters?

• Below 1%

• Between 2% and 3%

• Above 3%

• Between 1% and 1.5%

Which two factors are mentioned as drags on the economy?

• Government spending cuts and high interest rates

• Decreasing consumer confidence and inflation

• Rising import prices and investment uncertainty

• High taxes and low exports

What role do the MPC and the Bank of England's regional agents play in the economy?

• They assess what firms are thinking and report back

• They manage government budgets

• They set interest rates

• They regulate the stock market

Which major political event is the UK planning to trigger by the end of March?

• A new trade agreement

• Article 50

• A referendum on the monarchy

• A general election

How has business confidence in the UK changed since the referendum?

• It has remained unchanged

• It was initially hit but has since bounced back

• It has significantly declined

• It has reached an all-time high