Lloyds' Gareth Oakley on U.K. Business Confidence

The video discusses a survey conducted before the UK election results were known, highlighting the political instability and its impact on business confidence. Post-Brexit, there was an increase in confidence, especially in construction, while retail faced challenges due to exchange rates. The consumer sector is under pressure from inflation and stagnant wages, with businesses expecting to raise prices.

What was the context of the survey conducted before the UK election results were known?

• It was conducted after the election results were known.

• It was conducted before the decision to have an election was announced.

• It was conducted after the election results were announced.

• It was conducted after the decision to have an election was announced but before the results were known.

Which sector showed the most confidence according to the survey?

• Manufacturing

• Retail

• Construction

• Technology

What was the main reason for the decrease in confidence in retail wholesalers?

• Exchange rate fluctuations

• Political instability

• Brexit uncertainties

• High inflation

What is putting a squeeze on real incomes in the UK consumer sector?

• Decreasing inflation

• Increased consumer spending

• Rising wages

• Higher inflation and stagnant wages

What does the survey indicate about businesses' expectations regarding price increases?

• Few businesses expect to increase prices.

• Most businesses are planning to decrease prices.

• Many businesses expect to increase prices, indicating ongoing consumer pressure.

• Businesses are uncertain about future pricing.