BUDGET DAY

Dennis Healey, Labour's Chancellor, is preparing to present a significant budget amidst Britain's economic struggles, marked by a record balance of payments deficit. The budget introduces tax increases and price hikes on various goods and services, while also boosting pensions and social benefits. Healey aims to create a fairer society through these measures.

Who is Dennis Healey in the context of the budget presentation?

• Minister of Health

• Prime Minister of Britain

• Chancellor of the Exchequer

• Governor of the Bank of England

What is one of the main economic issues Britain is facing according to the transcript?

• Decreasing foreign investments

• High unemployment rates

• Biggest deficit on the balance of payments

• Rising inflation

What is the purpose of the budget as stated by Mr. Healey?

• To reduce public spending

• To make Britain a fairer place to live

• To boost international trade

• To increase government revenue

Which of the following is NOT mentioned as a price increase in the budget?

• Railway fares

• Petrol

• Electricity

• Healthcare services

What change does the budget make to milk prices?

• Increases the price

• Decreases the price

• Subsidizes the price

• Keeps the price the same