Boris Johnson speech on cost of living crisis

The video discusses the impact of rising interest rates on the economy, highlighting the increased cost of borrowing for both individuals and the government. It emphasizes the need for economic resilience and outlines strategies for recovery, including significant infrastructure investments and community safety measures. The video also stresses the importance of not relying solely on state spending as a solution to economic challenges.

What is one of the immediate effects of higher interest rates mentioned in the video?

• Lowering of rent prices

• Decrease in government spending

• Increase in mortgage costs

• Reduction in business investments

According to the video, what is a potential consequence of increased government borrowing costs?

• More funds for public services

• Higher taxes for businesses

• Financial burden on future generations

• Decrease in national debt

What is the key to overcoming economic challenges as per the video?

• Reducing infrastructure investments

• Increasing state spending

• Relying on global markets

• Utilizing existing economic tools

What mindset does the video suggest moving away from to ensure economic recovery?

• Pre-COVID economic strategies

• COVID-era state spending

• Private sector investment

• Global economic reliance

Which area is NOT mentioned as part of the UK's infrastructure investment efforts?

• Railways

• Healthcare

• Space exploration

• Community safety