Chancellor George Osborne at Treasury Conference unveiling OECD's UK economic survey

The video discusses the OECD's Biannual Economic Survey of the UK, highlighting the country's strong economic growth, low inflation, and high employment rates. It emphasizes the importance of fiscal responsibility, monetary activism, and supply-side reforms in maintaining economic stability and growth. The OECD's positive assessment of the UK's economic strategy is noted, along with the need to address risks from abroad and at home. The video outlines the UK's progress in deficit reduction, monetary policy, and banking sector improvements, as well as reforms in education and infrastructure to enhance living standards.

What was highlighted as a significant achievement of the UK economy in the past year?

• Lowest employment rate

• Fastest-growing major economy

• Largest deficit increase

• Highest inflation rate

What is the first component of the UK's economic plan?

• Trade expansion

• Fiscal responsibility

• Supply-side reforms

• Monetary activism

How much has the UK's deficit been reduced according to the report?

• By half

• By a third

• By two-thirds

• By a quarter

What role does monetary activism play in the UK's economic plan?

• To expand international trade

• To reduce government spending

• To support demand and repair the financial sector

• To increase taxes

What is one of the goals of the UK's supply-side reforms?

• Lower science funding

• Improve school education quality

• Reduce transport investment

• Decrease student numbers