UK: The prime minister and her chancellor visit the Birmingham Health Innovation Centre construction site in Selly Oak.

UK: The prime minister and her chancellor visit the Birmingham Health Innovation Centre construction site in Selly Oak.

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Business

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The video discusses the financial challenges faced by people due to rising mortgage payments and inflation. It highlights the government's efforts to mitigate these issues through energy price guarantees and stamp duty reductions. The role of the independent Bank of England in setting interest rates, influenced by global factors like the war in Ukraine, is also explained.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures has the government taken to curb inflation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact is the war in Ukraine having on global interest rates?

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