Boris Johnson speech on cost of living crisis

The video discusses the current economic situation, highlighting low unemployment rates and the challenges posed by inflation. It attributes inflation to global supply chain issues and the war in Ukraine, which have led to increased prices. The speaker emphasizes the need for collective action to address these challenges.

What is a significant factor contributing to inflationary pressures according to the first section?

• Decreased consumer spending

• High unemployment rates

• Increased government taxes

• More job vacancies than unemployed workers

What are some of the factors affecting household budgets as mentioned in the second section?

• Decreased housing prices

• Increased wages

• Lower transportation costs

• Rising energy bills and food costs

What global issue is highlighted as a cause for increased costs in the second section?

• Decreased agricultural output

• Political instability

• Global supply chain problems

• Technological advancements

What event disrupted the progress in resolving supply chain issues?

• A natural disaster

• A financial crisis

• A technological failure

• The war in Ukraine

How did world markets react to the war in Ukraine?

• With a significant spike in prices

• By increasing job opportunities

• By reducing interest rates

• By stabilizing prices