UK has 'turned the corner' on the economy, says Rishi Sunak

The video discusses the recent economic challenges, including COVID, the Ukraine conflict, and inflation. It highlights the positive economic changes at the start of the year, such as reduced inflation, falling mortgage rates, and rising wages. The video also covers tax cuts for individuals and businesses, aiming to drive future growth. The speaker concludes with a positive outlook for the future, expressing confidence in the current economic direction.

What were some of the major challenges faced in the past few years according to the speaker?

• Decrease in energy bills

• Increase in global tourism

• COVID-19 pandemic and war in Ukraine

• Technological advancements

What positive economic change is mentioned at the start of the year?

• Decreasing consumer confidence

• Falling energy bills

• Rising mortgage rates

• Increase in inflation

How has consumer and business confidence changed according to the speaker?

• It has remained the same

• It has fluctuated

• It has decreased

• It has increased

What is the significance of the tax cuts for individuals mentioned by the speaker?

• They only benefit high-income earners

• They are insignificant

• They amount to 900 lbs for someone on average salary

• They are temporary

What is the expected impact of tax cuts for businesses?

• Increase in unemployment

• Decrease in business investments

• Stagnation in economic growth

• Drive future growth