Sky News

The video discusses Acme Whistles' success and its reliance on the budget for expansion. The budget offers incentives for growth, such as better capital allowances and R&D credits. However, the UK's economic outlook is less optimistic, with downgraded growth forecasts leading to increased borrowing. If growth falls short, the government may need to implement tax rises or spending cuts, posing risks to the deficit reduction plan.

What percentage of its products does Acme Whistles export?

• 80%

• 70%

• 50%

• 60%

Which of the following is NOT mentioned as a benefit of the new budget for businesses?

• Increased import tariffs

• Extra credits for exporting

• Research and development incentives

• Better capital allowances

What is the revised forecast for the UK's economic growth this year?

• 2.5%

• 2.1%

• 1.7%

• 1.3%

What might the government need to do if growth falls below expectations?

• Cut spending or raise taxes

• Borrow more money

• Reduce corporation tax further

• Increase social security benefits

What is a potential consequence if the budget's growth predictions do not materialize?

• Need for tax rises or spending cuts

• Decrease in social security spending

• Higher tax revenues

• Increased foreign investment