What to expect in the Chancellor's Budget 2021

The video discusses the unusual 19% GDP deficit, likening it to wartime budgets. It highlights the balancing act required by Mr. Sunak to manage the pandemic through fiscal support while considering future debt management.

What is the typical context in which a 19% GDP deficit is expected?

• During economic booms

• In periods of low inflation

• In times of war

• During peacetime

What is the main challenge Mr. Sunak faces in managing the pandemic?

• Reducing taxes

• Balancing fiscal support with future planning

• Increasing government spending

• Cutting public services

What is one of the key considerations for managing the pandemic according to the video?

• Providing fiscal support to businesses and people

• Increasing interest rates

• Reducing the national debt immediately

• Focusing solely on healthcare

What should be considered when planning future fiscal strategies?

• How to increase the deficit further

• How to manage high levels of deficit and debt

• How to eliminate all taxes

• How to reduce government size

What is the potential consequence of not managing high levels of deficit and debt effectively?

• Increased economic growth

• Higher inflation and interest rates

• Lower unemployment

• Stronger currency value