The Pound Reaches New Lows: Has Truss Broken the Economy?

The Pound Reaches New Lows: Has Truss Broken the Economy?

Assessment

Interactive Video

Social Studies, Business

11th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the recent decline of the British pound against the dollar, driven by the UK government's fiscal policies and global economic factors. It explores the historical context of the pound's decline, the impact of recent tax cuts, and market reactions. The video also examines potential advantages of a weaker pound, such as increased export competitiveness, but highlights the challenges posed by rising energy costs. Finally, it considers future implications, including potential interest rate hikes by the Bank of England and political consequences for Prime Minister Liz Truss.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the advantages and disadvantages of having a weak pound?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How might the Bank of England respond to the falling pound and rising inflation?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the pound's crash for Prime Minister Liz Truss?

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