Philip Hammond interview on Brexit and the economy

The transcript discusses the UK's economic growth, highlighting stronger-than-expected GDP figures for 2017, despite being the worst since 2012. The conversation addresses the impact of Brexit on the economy, noting the uncertainty it brings. However, future negotiations with the EU are expected to provide clarity and positively influence business sentiment and economic growth.

What was the predicted upgrade in the UK's overall growth for 2017?

• 1.2%

• 1.5%

• 1.8%

• 2.0%

What is one reason given for the UK's economic performance lagging behind the rest of the world?

• Brexit-related uncertainty

• Global recession

• Increased taxation

• High inflation rates

Who mentioned the impact of Brexit uncertainty on the economy?

• The Chancellor

• The Prime Minister

• Mark Carney, Governor of the Bank of England

• The Finance Minister

What is expected to provide additional certainty to businesses in 2018?

• Increased government spending

• A reduction in interest rates

• An implementation period agreement with the EU

• A new trade agreement with the US

What is the anticipated outcome of the UK's negotiations with the EU?

• A merger with another EU country

• An increase in tariffs

• A complete withdrawal from all EU agreements

• A special partnership relationship