CLEAN : Shadow Chancellor says Britain will now live within its means

The transcript discusses the challenges faced by a team in defending their members and the political nature of austerity. It emphasizes the need for economic policies that ensure the country lives within its means, drawing on insights from leading economic thinkers. The speaker proposes a review of major economic institutions to enhance their effectiveness, starting with the Treasury. The approach is described as pragmatic idealism, combining competence with compassion.

What is the speaker's stance on austerity?

• Austerity is unavoidable.

• Austerity is a political choice.

• Austerity is beneficial for growth.

• Austerity is an economic necessity.

Which of the following is NOT mentioned as an economic thinker consulted by the speaker?

• Joseph Stiglitz

• Thomas Picotee

• Milton Friedman

• Mariana Mazzer Carter

What is the purpose of reviewing major economic institutions according to the speaker?

• To replace their leadership

• To increase their budget

• To privatize them

• To ensure they are fit for purpose

Who has been invited to lead the review of the Treasury?

• Joseph Stiglitz

• Lord Bob Kerslake

• David Blanchflower

• Simon read Lewis

What type of idealism does the speaker advocate for?

• Utopian idealism

• Pragmatic idealism

• Revolutionary idealism

• Romantic idealism