U.K. Economy Defies Brexit in 0.6% 4Q GDP Gain

The video discusses the UK's economic performance post-Brexit, highlighting a 0.6% GDP growth in Q4, surpassing expectations. Key sectors like business services and finance benefited from a weaker currency. Concerns are raised about consumer spending relying heavily on credit and real wage growth. The Bank of England is expected to use macroprudential tools instead of raising interest rates to address financial stability, particularly in the housing market. Inflation targets are set for the long term, with an upcoming report providing further insights.

Which sectors benefited from the weaker currency following the Brexit vote?

• Education and Healthcare

• Agriculture and Mining

• Business Services and Finance

• Technology and Manufacturing

What is the Bank of England's preferred tool for managing economic stability?

• Increasing taxes

• Reducing government spending

• Implementing macroprudential tools

• Increasing interest rates

What concern does the Bank of England have regarding the housing market?

• Excessive government regulation

• Low demand for housing

• Relaxed lending standards

• High property taxes

How long is the Bank of England's inflation targeting strategy?

• 5 years

• 3 to 4 years

• 2 years

• 1 year

When is the Bank of England expected to provide more clarity on interest rate changes?

• In the upcoming inflation report

• In the next budget announcement

• In the next month

• At the end of the year