George Osborne Lowers U.K. Growth Outlook

The video discusses the UK's economic plans, including a reduction in borrowing from £1 in every £4 spent to £1 in every £14. GDP growth is forecasted to be stable, with slight variations over the next few years. Employment is at a record high, and benefit claims are at their lowest since 1974. The budget aims to reduce the deficit significantly by 2018. Measures to combat tax evasion and avoidance are expected to raise £12 billion. Corporation tax will decrease to 17% by 2020, and capital gains tax rates are also being reduced. The budget focuses on fostering investment, savings, and business growth, prioritizing the next generation.

What is the expected GDP growth rate for the year 2017?

• 2.5%

• 2.2%

• 2.0%

• 1.8%

How much is the government planning to raise through measures against tax evasion and avoidance?

• £10 billion

• £12 billion

• £15 billion

• £20 billion

What was the corporation tax rate at the start of the last Parliament?

• 18%

• 20%

• 25%

• 28%

By April 2020, what will the corporation tax rate be reduced to?

• 17%

• 18%

• 16%

• 15%

What is the new capital gains tax rate for basic rate taxpayers?

• 5%

• 20%

• 10%

• 15%