How Will Hammond Navigate Strong U.K. Data and Brexit?

The transcript discusses the economic implications of Brexit, focusing on growth forecasts, fiscal policy changes, and the role of the Chancellor in navigating these challenges. It highlights the potential impact on borrowing and the importance of infrastructure spending. The discussion also touches on global economic shifts and the need for flexible fiscal policies in uncertain times.

What role does the OBR play in the context of Brexit's impact on the economy?

• Negotiating trade deals

• Providing growth forecasts

• Setting interest rates

• Implementing fiscal policies

How has the economy performed since the Brexit vote according to the transcript?

• It has performed better than expected

• It has remained stable

• It has significantly declined

• It has collapsed

What is one of the modest fiscal measures mentioned in the transcript?

• Large-scale infrastructure projects

• Complete austerity measures

• Efforts on lower income families

• Significant tax cuts

What is a potential new focus for the fiscal mandate according to the transcript?

• Targeting a budget surplus

• Cyclically adjusted budget deficit

• Increasing interest rates

• Reducing government spending

What is the global economic thinking shift mentioned in the transcript?

• Austerity measures are necessary

• Trade policies are the priority

• Fiscal policy should take the lead

• Monetary policy is sufficient