Chancellor calls for more innovation from business

The video discusses the current inflation situation, with CPI inflation at 9% and expected to peak at 10%. The government outlines plans to help with the cost of living and improve growth by addressing weaknesses in investment, skills, and innovation. The role of the Bank of England in controlling inflation and the need for businesses to invest more in R&D are emphasized. The speaker calls for collective effort from entrepreneurs and leaders to achieve higher productivity and living standards.

What is the current CPI inflation rate mentioned in the text?

What is the government's plan to support families with the cost of living?

What role does the Bank of England play in controlling inflation?

What are the long-standing weaknesses in the UK economy that need to be overcome?

How does the UK business investment in R&D compare to the OECD average?