Sajid Javid interview on GDP figures and Brexit

The video discusses the impact of Brexit on the UK economy, highlighting the volatility in growth due to stockpiling and business decisions. Despite concerns, the fundamentals of the economy remain strong, with no recession expected. The government is preparing for a no-deal Brexit, emphasizing the need for certainty and reducing red tape. An additional £2.1 billion is allocated for Brexit preparations, aiming to ensure a strong economic future.

What was one reason for the unexpected growth in the first quarter of the year?

• Government subsidies

• Increased consumer spending

• Foreign investments

• Stockpiling due to Brexit

How much has the economy grown since 2010?

• 10%

• 15%

• 19%

• 25%

Which organization is not expecting a recession?

• World Bank

• Bank of England

• European Central Bank

• Federal Reserve

What is a major concern for businesses if a no-deal Brexit occurs?

• Increased labor costs

• Imposition of red tape

• Loss of skilled workers

• Higher taxes

How much additional funding was announced for Brexit preparations?

• £1 billion

• £4.5 billion

• £3 billion

• £2.1 billion