Chancellor Rishi Sunak speaks to B&Q workers in Watford

The video discusses the current economic challenges and the government's response, including a £50 billion support package aimed at helping households with rising energy bills and other costs. It outlines specific measures such as a £400 energy bill discount, tax cuts, and fuel duty reductions. The speaker also addresses inflation concerns, explaining the role of the Bank of England and fiscal policy in managing the situation. The video emphasizes the government's commitment to supporting citizens through these difficult times.

What is the total value of the support package announced to help households?

• 100 billion quid

• 70 billion quid

• 50 billion quid

• 30 billion quid

How much will be deducted from energy bills in October?

• £500

• £400

• £300

• £200

What is the expected inflation rate mentioned in the transcript?

• 5%

• 7%

• 9%

• 11%

Which organization is responsible for managing interest rates?

• The Treasury

• The Bank of England

• The Financial Conduct Authority

• The Department for Business

What is the term used for borrowing, spending, and tax policies?

• Monetary policy

• Fiscal policy

• Demand-side management

• Supply-side reform