Jeremy Hunt speaks at the CBI ahead of Autumn statement

The transcript discusses the UK's economic progress, highlighting the reduction in inflation and the focus on growth. It emphasizes the UK's strengths in tech, life sciences, and other industries, aiming to become the next Silicon Valley. Challenges in scaling businesses and investment barriers are addressed, with reforms in pension funds proposed to boost domestic opportunities.

What is the main reason the speaker feels more positive about the UK economy compared to a year ago?

• Halving of inflation

• Improved trade relations

• Growth in the tech industry

• Increased foreign investments

Which industry is NOT mentioned as a strength of the UK?

• Technology

• Life sciences

• Automobile manufacturing

• Financial services

What vision does the speaker have for the UK in terms of global industry positioning?

• To lead in automobile manufacturing

• To surpass China in technology

• To dominate the global financial market

• To become the next Silicon Valley

What is identified as a major challenge for scaling up businesses in the UK?

• High taxation rates

• Lack of innovation

• Insufficient government support

• Difficulty in accessing large-scale investment

What example does the speaker use to illustrate the potential for UK companies to grow domestically?

• Amazon and Whole Foods

• Tesla and SpaceX

• Apple and Beats

• DeepMind and Google