Chancellor Philip Hammond on trade visit to India

The video discusses Britain's need for new trade partners post-Brexit, focusing on India as a potential partner. It explores the economic assessments conducted post-referendum and their relevance in the current context. The government's stance on updating economic analysis is examined, revealing a lack of specific updated assessments. The Treasury's reaction to previous economic analysis and its decision not to redo it is highlighted. The video concludes with a discussion on future economic prospects and challenges for the UK.

Why is India considered a significant partner for Britain post-Brexit?

• India has a large English-speaking population.

• India is geographically close to Britain.

• India is a major financial capital.

• India is part of the European Union.

What is the government's stance on updating economic assessments post-referendum?

• They have outsourced the assessments to private firms.

• They have completely ignored economic assessments.

• They have not made any specific updates since the referendum.

• They have updated the assessments regularly.

What is the reason given for not updating the economic analysis?

• The analysis was deemed unnecessary.

• The analysis was lost.

• The initial analysis received a poor reception.

• The analysis was too costly to update.

What is the potential issue with the government not having updated forecasts?

• It could lead to a lack of public trust.

• It could result in inaccurate trade deals.

• It could cause economic instability.

• It could hinder the Brexit process.

What is the Treasury's response to inquiries about updated economic forecasts?

• They have indicated a long wait for updates.

• They have been silent on the matter.

• They have promised updates soon.

• They have provided detailed updates.