Is OBR's Gloomy Brexit Forecast a Reality Check?

The video discusses the OBR's Brexit cost forecasts, highlighting the significant financial impact on the UK economy. It critiques the autumn statement, emphasizing the need for infrastructure investment to boost growth. The discussion also covers tax rates, economic equality, and the balance between fiscal discipline and investment. The importance of skills in leveraging infrastructure investment for economic growth is underscored.

What is the estimated cost of Brexit according to the forecasts mentioned?

• £70 billion

• £60 billion

• £50 billion

• £40 billion

What is the main concern regarding the tax rates introduced for those on Universal Credit?

• They are too low to incentivize the poorest

• They are too high to incentivize the richest

• They are equal for both the poorest and richest

• They are not aligned with inflation rates

What is the government's approach to borrowing for infrastructure investment?

• Borrowing should be used for infrastructure investment

• Borrowing should be used to reduce taxes

• Borrowing should be used for normal government spending

• Borrowing should be avoided at all costs

What is the current employment situation in the UK and US as mentioned in the discussion?

• Decreasing employment

• Rising unemployment

• Full employment

• High unemployment

What is a key challenge in implementing infrastructure investment according to the discussion?

• Lack of government funding

• Political opposition

• Insufficient skills to support growth

• High inflation rates