George Osborne announces radical devolution of business rates to local councils

The video discusses the Conservative government's recent history, focusing on George Osborne's plans for economic change through the devolution of business rates to local councils. It highlights the potential impact on local authorities, particularly Labour ones, and Osborne's vision for a changed economy and politics. The video also covers infrastructure plans and Osborne's leadership ambitions, with little mention of tax credit cuts.

What is the main focus of the Conservative Party's strategy as discussed in the first section?

• Appealing to traditional Tory voters

• Strengthening ties with the Labour Party

• Gaining support from working-class voters

• Reducing taxes for the wealthy

What is the significant change announced regarding business rates?

• Devolving business rates to local councils

• Abolishing business rates entirely

• Centralizing business rate collection

• Increasing business rates nationwide

What potential challenge is associated with the devolution of business rates?

• Increased central government control

• Resource scarcity in poorer areas

• Reduced local government autonomy

• Higher taxes for businesses

Who is leading the new infrastructure commission mentioned in the third section?

• David Cameron

• Lord Adonis

• George Osborne

• Jeremy Corbyn

What is George Osborne's broader vision for the British economy?

• Maintaining austerity measures

• Focusing solely on tax cuts

• Reengineering the economy and politics

• Strengthening ties with the EU