Chancellor of the Exchequer Hammond to Deliver Statement

The video discusses the deterioration of public finances, with potential borrowing of up to £100 billion over five years. It explores Hammond's fiscal policies, including investment spending and infrastructure projects. The impact of inflation on households and potential policy responses are examined. Economic forecasts post-Brexit are considered, with a focus on GDP and inflation. The video concludes with a discussion on the future of budget statements, suggesting a shift to a single annual fiscal event.

What is the expected increase in borrowing over the next five years?

• £50 billion

• £100 billion

• £150 billion

• £200 billion

Which sector is likely to be prioritized in the upcoming fiscal policies?

• Infrastructure

• Defense

• Education

• Healthcare

What is one potential policy to ease household financial pressures?

• Increase in fuel duty

• Freeze on working age benefits

• Reduction in VAT

• Freeze on fuel duty

What is a significant factor affecting inflation in the UK?

• Decrease in public spending

• Rise in interest rates

• Depreciation in sterling

• Increase in exports

What change is being considered for the annual budget process?

• Increasing the number of fiscal events

• Introducing a summer statement

• Eliminating the autumn statement

• Adding a winter budget