Businesses welcome ‘short-term fix’ as Government slashes energy bills in half

The video discusses the positive impact of recent economic news, providing businesses with certainty over the next six months. It highlights the current pressure on the UK economy, evidenced by a decline in retail sales. The importance of cost certainty, especially regarding major expenses, is emphasized as beneficial for businesses.

What is the main benefit of the recent news for businesses?

• It expands their market reach.

• It reduces their taxes.

• It provides certainty for the next six months.

• It increases their profits.

What evidence is provided to show the UK economy is under pressure?

• Growth in the technology sector.

• Decline in retail sales.

• Rise in housing prices.

• Increase in employment rates.

How much did retail sales decline last month?

• 3.2%

• 0.8%

• 1.6%

• 2.5%

Why is certainty in cost management important for businesses?

• It reduces the need for marketing.

• It leads to immediate profit increases.

• It allows for more hiring.

• It helps in planning and budgeting.

What is likely to be the biggest component of costs for businesses?

• Operational costs.

• Employee salaries.

• Marketing expenses.

• Uncertain costs.