U.K.'s Hammond to Abolish Autumn Statement

The transcript discusses the UK government's fiscal plans, including changes from an autumn statement to a spring statement, and the economic implications of Brexit. It highlights the downgraded GDP forecast, increased government borrowing, and investment in infrastructure. The discussion also covers the UK's economic resilience post-Brexit vote and the uncertainty surrounding Article 50.

What major change did the Chancellor announce regarding fiscal events in the UK?

• The shift from an autumn statement to a spring statement

• The introduction of a winter statement

• The introduction of a summer statement

• The elimination of all fiscal statements

What was the revised GDP growth forecast for the UK according to the Chancellor's statement?

• 0.5%

• 1.4%

• 2.2%

• 3.0%

How much extra borrowing did the government announce over the next five years?

• £50 billion

• £200 billion

• £100 billion

• £122 billion

Which sector was particularly in focus due to the announced economic measures?

• Construction

• Technology

• Healthcare

• Retail

What significant event is expected to occur in March of the following year?

• The UK joining the Eurozone

• The triggering of Article 50

• A new general election

• The introduction of a new currency