Rising inflation in the UK post-BREXIT affecting the cost of living

The video discusses the rising cost of living in the UK, driven by inflation and the impact of Brexit. It highlights how consumers are feeling the financial strain, with wages not keeping up with rising prices. The political landscape is also affected, as economic conditions influence voter behavior. The video concludes with a cautious outlook on the economy, predicting weak consumer spending and growth, with hopes for inflation to decrease by Christmas.

What is one of the main reasons for the recent rise in inflation?

• Brexit and the devaluation of the pound

• Increased government spending

• Global oil price increase

• Higher interest rates

How has the rising cost of living affected consumer spending in Bedford?

• There is no significant change in spending habits

• Consumers are spending more on luxury items

• Consumers are saving more money

• People are finding it harder to afford basic necessities

What political change occurred in Bedford due to economic pressures?

• Voters switched from Labour to Conservative

• Voters switched from Conservative to Labour

• Voters became more supportive of the Green Party

• Voters showed increased support for independent candidates

Why might the Conservative government be hesitant to hold a general election?

• They are planning major policy changes

• Rising inflation and falling real wages make elections risky

• They want to focus on international relations

• They are confident of winning

What is the predicted trend for consumer spending in the UK?

• It is expected to increase significantly

• It will remain relatively weak

• It will fluctuate unpredictably

• It will stabilize and grow steadily