Liz Truss promises ‘growth, growth, growth’ and to ‘always be fiscally responsible’

Liz Truss promises ‘growth, growth, growth’ and to ‘always be fiscally responsible’

Assessment

Interactive Video

Business

University

Hard

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The video discusses the importance of economic growth, emphasizing its role in creating jobs and ensuring financial security. It outlines a three-pronged approach: reducing taxes to stimulate the economy, maintaining fiscal responsibility to manage national finances, and implementing economic reforms to remove growth barriers. The speaker highlights the need for a lean state, sound money, and coordinated monetary and fiscal policies. The video concludes with a call for breaking down systemic barriers to foster enterprise and innovation.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons given for cutting taxes?

To control inflation

To reduce the national debt

To inspire people to do more of what they do best

To increase government spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the government decide not to proceed with the abolition of the 45P tax rate?

It was not economically viable

It was opposed by the public

It became a distraction from the growth plan

It would increase inflation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the government's stance on fiscal responsibility?

It is not a priority

It is essential for sustainable economic growth

It is only important during economic crises

It should be flexible depending on circumstances

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the government plan to support homeowners amidst rising interest rates?

By cutting stamp duty

By increasing taxes

By providing direct subsidies

By setting interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the barriers to growth mentioned in the third section?

Lack of skilled labor

High burdens on businesses

Insufficient government intervention

Over-reliance on technology