U.K.'s Osborne: Brexit Would Mean Black Hole in Budget

The video discusses potential tax increases, including rises in income tax and duties on alcohol and fuel. It highlights the impact on working people and businesses, noting that these measures would only partially address financial deficits. The video also explores the challenges any chancellor would face in making spending decisions, especially in the context of leaving the EU, which could lead to reduced public funds and economic contraction.

What is the proposed increase in the basic rate of income tax?

• 3P to 23%

• 2P to 22%

• 1P to 21%

• 4P to 24%

How much is the higher rate of income tax expected to rise?

• 4P to 44%

• 3P to 43%

• 2P to 42%

• 1P to 41%

What is the effect of the proposed tax increases on the nation's finances?

• They will only partially address the financial deficit.

• They will have no impact on the financial deficit.

• They will completely solve the financial deficit.

• They will worsen the financial deficit.

What is the expected impact on public services if the UK leaves the EU?

• Less money will be available for public services.

• The same amount of money will be available for public services.

• Public services will not be affected.

• More money will be available for public services.

What is the overall economic situation described if the UK leaves the EU?

• A win-win situation for British families.

• An unchanged situation for British families.

• A beneficial situation for British families.

• A lose-lose situation for British families.