Chancellor George Osborne and Jose Angel Gurria at Treasury Conference unveiling OECD's UK economic survey

The video covers the launch of the OECD's Economic Survey of the UK, highlighting the country's economic achievements such as high employment and low inflation. It discusses the UK's fiscal responsibility and economic policies, noting the progress made in reducing the deficit. The role of the Central Bank and the implementation of a strong macroprudential framework are also emphasized, showcasing efforts to maintain economic stability.

What was highlighted as a significant achievement for the UK in the past year?

• The fastest growing major economy

• The largest deficit since the financial crisis

• The highest inflation rate ever

• The lowest employment rate ever

What opportunity does the UK have according to the speaker?

• To increase its deficit

• To raise inflation rates

• To secure prosperity for the next generation

• To reduce employment rates

What was the UK's deficit when the speaker became Chancellor?

• Over 5% of national income

• Over 15% of national income

• Over 20% of national income

• Over 10% of national income

Which organization is responsible for curbing emerging risks in the UK?

• The Treasury

• The Financial Policy Committee

• The Central Bank

• The OECD

What does the OECD's report recognize about the UK's economic progress?

• The increase in inflation rates

• The decrease in employment rates

• The lack of a macroprudential framework

• The significant progress in reducing the deficit