First public statement from the new Chancellor, Jeremy Hunt MP

The transcript discusses the role of governments in managing market volatility and the impact of instability on prices, mortgages, and pensions. It outlines the need for difficult fiscal decisions to reduce debt and emphasizes the importance of protecting the vulnerable. The UK's long-term economic prospects are highlighted, with a focus on growth, confidence, and stability. The government is committed to making tough decisions to ensure economic sustainability.

What is the government's stance on market volatility?

• They can completely eliminate it.

• They can contribute to stability.

• They ignore it.

• They encourage it.

What is the government's commitment regarding debt?

• To reduce it as a share of the economy.

• To ignore it.

• To maintain it at current levels.

• To increase it significantly.

Which areas will the government prioritize when making spending cuts?

• Education.

• The most vulnerable.

• Infrastructure projects.

• Military spending.

What is essential for the UK's economic growth according to the government?

• Higher inflation.

• Confidence and stability.

• Increased taxes.

• More government spending.

What will the government do to ensure the UK pays its way?

• Rely on foreign aid.

• Increase national debt.

• Make necessary tough decisions.

• Avoid making tough decisions.