Britain is close to a double dip recession

The video discusses the economic challenges faced by Sheffield and the UK, highlighting the decline in manufacturing productivity and the impact of global economic factors like the eurozone crisis. It emphasizes the need for long-term economic strategies and consumer confidence to boost the manufacturing sector. The video also touches on political decisions affecting the economy and the importance of industry for economic growth.

What is a key factor in maintaining competitiveness against emerging nations like China and India?

• Long-term decisions

• Relying on global reputation

• Short-term fixes

• Ignoring past successes

What has exacerbated Britain's economic problems over the last decade?

• Lack of consumer confidence

• Decline in manufacturing

• The global economic crisis

• The eurozone crisis

What is identified as a significant issue outside the political debates in Westminster?

• Lack of confidence

• Lack of government support

• Rising unemployment

• Decline in global reputation

What did a company in the Northeast seek to expand its production?

• Tax incentives

• Government subsidies

• A £5 million loan

• A £1 million grant

What is crucial for the manufacturing industry to help boost the economy?

• Return of confidence

• Consumer spending

• Increased imports

• Government intervention