Harrison: U.K. Consumers Carry On Post-Brexit

The video discusses the UK's economic situation post-Brexit, focusing on austerity measures, budget targets, and the impact of economic changes on borrowing. It highlights the strong performance of the retail sector despite Brexit uncertainties and examines the fashion industry's pricing strategies amid inflation challenges.

What was the original target year for the UK government to achieve a balanced budget before it was changed post-Brexit?

• 2028

• 2020

• 2022

• 2025

How have recent changes in interest rates affected the UK's borrowing forecast?

• Led to a budget surplus

• No impact on borrowing

• Decreased borrowing costs

• Increased borrowing costs

What has been the trend in UK retail sales post-Brexit?

• Declining sales

• Stable sales

• Blockbuster sales

• Minimal sales growth

Which company is mentioned as having taken control of its franchises to manage pricing?

• Nike

• Apple

• Burberry

• Zara

What is a significant challenge for UK retailers in passing on price increases to consumers?

• Lack of consumer interest

• Government regulations

• High competition from low-cost entrants

• Limited product availability