UK Economic Growth Slower Than Expected

The video discusses the transition from economic boom to bust, highlighting the challenges of reduced spending and increased debt. It examines personal financial struggles, national debt, and the economic stagnation in Britain. The impact on retail, particularly Tesco, and the decline in consumer confidence are explored. The video concludes with the potential consequences of austerity measures on the economy.

What is one of the main reasons for the economic downturn discussed in the first section?

• Rising employment rates

• Excessive consumer spending during boom years

• High consumer confidence

• Increased government spending

How much debt do British households owe on credit cards according to the second section?

• £57,000 per household

• £152 billion

• £57 billion

• £1.2 trillion

What is the total amount of mortgage debt mentioned in the second section?

• £57,000 per household

• £1.2 trillion

• £152 billion

• £57 billion

What has been the impact on Tesco's sales as mentioned in the third section?

• Sales have increased

• Sales have remained stable

• Sales have decreased

• Sales have doubled

What is a potential consequence of everyone in the economy cutting back on spending simultaneously?

• Economic growth

• Higher employment rates

• Running on empty

• Increased consumer confidence