Sunak Scraps Budget to Focus on Job Support

The transcript discusses the UK government's response to the economic impact of COVID-19, including wage support schemes and the potential phasing out of the furlough scheme. It highlights the Conservative Party's support for Sunak's measures and the challenges of long-term economic planning. The transcript also covers the Brexit negotiations and the Internal Markets Bill, emphasizing the potential for legal action from the EU and the political implications within the UK.

What was the initial purpose of the furlough scheme introduced by the government?

• To provide long-term employment solutions

• To support international trade

• To protect consumption from a short-term economic shock

• To increase government revenue

What is one reason for the Conservative Party's support for Sunak's economic measures?

• They believe it will reduce taxes

• Sunak's reputation has been enhanced

• It will decrease national debt

• They see it as a threat to the economy

What challenge does the government face in balancing the budget?

• Reducing the cost of borrowing

• Increasing the national debt

• Deciding which taxes to lower

• Determining which areas of spending to cut

What is the potential consequence if the UK does not resolve the internal markets bill issue?

• The Conservative Party will gain more support

• The House of Lords will gain more power

• The UK will face legal action from the EU

• The EU will offer a better trade deal

What is the EU's stance on the UK's internal markets bill?

• They have already accepted it

• They are indifferent to it

• They support it fully

• They threaten legal action if it is not resolved