Labour Conference - John McDonnell Speech Soundbite

Labour Conference - John McDonnell Speech Soundbite

Assessment

Interactive Video

Social Studies, Business

University

Hard

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The transcript discusses the application of payday loan rules to credit card debt, ensuring no one pays more in interest than their original loan. It highlights the need for political action, with a potential amendment by the next Labour government, referred to as the McDonnell amendment.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main idea behind applying payday loan rules to credit card debt?

To ensure interest payments do not exceed the original loan amount

To increase the interest rates on credit card debt

To eliminate credit card debt entirely

To make payday loans more accessible

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker suggest might happen if the Tories do not take action?

The Labour government will amend the law

The current laws will remain unchanged

Interest rates will decrease

The Tories will lose power

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the speaker's plan if the Tories refuse to act?

To announce changes immediately

To abandon the proposal

To wait for the next election

To amend the law when Labour is in power

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the 'McDonnell amendment' referring to?

A political strategy

A new financial regulation

A proposed legal change by the Labour government

A tax reform

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the 'McDonnell amendment'?

It is a plan to reduce government spending

It is a proposal to increase interest rates

It is a new tax policy

It represents a shift in Labour's economic policy