Rishi Sunak tells businesses there are 'challenging times ahead'

The video discusses the economic challenges faced by businesses, including rising costs, inflation, and interest rates, leading to a predicted economic contraction. Despite these challenges, businesses have shown resilience and entrepreneurial spirit. The government has introduced support measures such as tax cuts and programs to aid business growth, aiming to bolster confidence and future growth.

What are some of the economic challenges mentioned that businesses faced over the past year?

• Decreasing raw material costs

• Supply chain and shipping issues

• Stable energy prices

• High recruitment rates

What is the expected economic growth for the year 2023?

• 2.3%

• 3.0%

• 0.6%

• 1.5%

What quality is highlighted as a key factor in businesses overcoming recent challenges?

• Technological advancement

• Resilience

• Innovation

• Financial backing

Which sector is specifically mentioned as benefiting from a 50% discount on business rates?

• Agriculture

• Retail, hospitality, and leisure

• Manufacturing

• Technology

What type of programs are being promoted to help businesses grow?

• Marketing strategies

• Legal consultations

• Help to grow programs

• Financial audits