Susannah Streeter comments on Jeremy Hunt 's announcement on the new mini-budget
Interactive Video
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Social Studies, Business
•
University
•
Hard
Wayground Content
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which tax-cutting measures were retained by the UK government?
Cut to stamp duty and reversal of the rise in National Insurance
Elimination of capital gains tax and reduction in income tax
Increase in National Insurance and cut to stamp duty
Increase in VAT and reduction in corporate tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the immediate effect on the pound after the government's policy changes?
The pound fell sharply
The pound rose above $1.13
The pound dropped below $1.00
The pound remained stable
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the policy changes affect government borrowing costs?
Borrowing costs increased significantly
Borrowing costs remained unchanged
Borrowing costs decreased
Borrowing costs were eliminated
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected impact on interest rates due to the removal of inflationary policies?
Interest rates will fall significantly
Interest rates will remain unchanged
Interest rates may not rise as steeply
Interest rates will rise sharply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might happen to mortgage rates next year according to the analysis?
Mortgage rates will remain the same
Mortgage rates might decrease slightly
Mortgage rates will increase significantly
Mortgage rates will be eliminated
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