Autumn Budget: Tory MP Mark Garnier reacts

Autumn Budget: Tory MP Mark Garnier reacts

Assessment

Interactive Video

Business

University

Hard

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The video discusses the recent budget, focusing on expectation management, tax changes, and their impact on businesses and the public sector. It highlights concerns about rising National Insurance contributions and the national living wage, which could strain small businesses. The video also examines changes in fiscal rules, potential oversupply of bonds, and the risk of rising mortgage rates. Political commentary on Labour's actions and the importance of understanding public finances are also covered.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential impacts of the employers National Insurance contribution increase on public sector finances?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How might the changes in fiscal rules affect the borrowing capacity of the government?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns are raised regarding the rising mortgage rates in relation to the budget?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways could the budget intended to address the cost of living potentially increase it instead?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What criticisms are made about the Labour party's handling of historical financial liabilities?

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