Recovery Plan Will Save U.K. From `Economic Scarring': Lawmaker

Recovery Plan Will Save U.K. From `Economic Scarring': Lawmaker

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

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Quizizz Content

FREE Resource

The video discusses the UK's plans to address unemployment amid the pandemic, including the furlough scheme and measures to support specific industries. It highlights the importance of retaining jobs, developing skills, and boosting economic confidence through infrastructure projects and tax incentives. The potential impact of a stamp duty holiday on the housing market is debated, and the need for fiscal responsibility is emphasized, with future plans to address the budget deficit.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of the furlough scheme mentioned in the video?

To promote international trade

To increase government revenue

To retain the link between employees and their jobs

To reduce the number of working hours

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the criticisms of the stamp duty holiday discussed in the video?

It will reduce consumer confidence

It will artificially boost house prices

It will decrease house prices

It will lead to higher unemployment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key focus of the measures to support those who lose their jobs?

Increasing taxes

Providing skills and work coaching

Reducing government spending

Promoting international travel

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the strategies mentioned to boost confidence in the economy?

Limiting infrastructure projects

Decarbonizing public services

Increasing interest rates

Reducing public transport

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What historical context is provided regarding the UK's deficit management?

The deficit was eliminated completely

The deficit remained constant at 5%

The deficit increased from 2% to 10%

The deficit was reduced from 10% to under 2%