CLEAN : British economy faces Brexit turbulence: Hammond

The video discusses the UK's lower productivity compared to the US and the need for a strong economy. It outlines strategies for exiting the EU, ensuring the best deals for British businesses, and maintaining access to European markets. The role of the Bank of England in cutting interest rates and the potential for fiscal policy adjustments are highlighted. The government is committed to supporting businesses as they adapt to post-Brexit conditions, emphasizing that Brexit will be successful.

What is the current state of national productivity in comparison to the US?

• Higher than the US

• Not mentioned

• Equal to the US

• Lower than the US

What is one of the key drivers for the UK's industrial strategy?

• The US economy

• The European Union

• Francis

• The Bank of England

What is the government's stance on securing deals for British businesses post-Brexit?

• They will focus only on manufacturing

• They will follow EU regulations

• They aim for the best possible deal

• They will not negotiate

What action did the Bank of England take to restore confidence after the vote?

• Decreased government spending

• Increased interest rates

• Cut interest rates

• Introduced new taxes

What is the government's readiness level to support the economy post-Brexit?

• They will wait for EU guidance

• They will focus on other issues

• They are unprepared

• They are ready to provide support