UK: The prime minister and her chancellor visit the Birmingham Health Innovation Centre construction site in Selly Oak.

The video discusses the financial challenges faced by people due to rising mortgage payments and inflation. It highlights the government's efforts to mitigate these issues through energy price guarantees and stamp duty reductions. The role of the independent Bank of England in setting interest rates, influenced by global factors like the war in Ukraine, is also explained.

What financial challenge are people facing according to the video?

• Increased energy bills

• Doubling of mortgage payments

• Higher taxes

• Rising food prices

What measure has the government taken to help with energy costs?

• Free energy audits

• Subsidized solar panels

• Energy price guarantee

• Reduced VAT on energy

How is the government supporting homeowners?

• Providing mortgage subsidies

• Reducing stamp duty

• Offering free financial advice

• Increasing housing benefits

Who is responsible for setting interest rates in the UK?

• The European Central Bank

• The Bank of England

• The Prime Minister

• The Chancellor of the Exchequer

What global event is mentioned as influencing interest rates?

• The US-China trade war

• The COVID-19 pandemic

• Brexit

• Putin's war in Ukraine