BoE Offers Loans To Spark Economy

The video discusses the challenges faced by a business in Preston, which was in receivership five years ago. Now employing 45 people, the business sells building materials and work clothing. The owner shares the difficulties and the effort required to sustain the business, highlighting the support from the team. The Bank of England's financial support for businesses and homebuyers is also mentioned, with a focus on potential business expansion.

What was the status of the firm Obas in Preston five years ago?

• It was thriving.

• It was newly established.

• It was expanding rapidly.

• It was in receivership.

How many people does the firm currently employ?

• 75 people

• 30 people

• 60 people

• 45 people

What has been tested and challenged according to the business owner?

• The market conditions

• The customer base

• The quality of products

• The owner's experience

How much money is the Bank of England loaning to banks?

• £100 billion

• £120 billion

• £140 billion

• £160 billion

What would the business owner do if they received all the money they needed?

• Reduce prices

• Invest in technology

• Expand the business

• Hire more staff