Context

Question 1

Interest Rate

Answer 1

4.5%

Question 2

Inflation Rate (CPI)

Answer 2

2.6%

Question 3

Unemployment Rate

Answer 3

4.4%

Question 4

Tariffs

Answer 4

Donald Trump’s base 10% on all countries, reciprocal tariffs have been delayed by 90 days. Tariff war between the US and China

Question 5

Protectionism

Answer 5

Trump’s Tariffs

Question 6

Supply Side shocks

Answer 6

Russia-Ukraine War - Oil and wheat…

Question 7

HDI

Answer 7

Ranked 15

Question 8

Multiplier Effect

Answer 8

Increasing defence budget to 2.5% of GDP (0.5% increase) will lead to many more jobs in sector

Question 9

FDI

Answer 9

Japan invest £50m in UK (Sunderland) for Nissan

Question 10

Welfare Benefits

Answer 10

PIP Payments have reduced by 64%

Question 11

Annual Growth Rate

Answer 11

1.1% (2024)

Question 12

Quarterly Growth Rate

Answer 12

0.1%, 0%

Question 13

Annual Growth Forecast

Answer 13

1% (OBR), 0.75% (BoE)

Question 14

Output Gap

Answer 14

-0.6%

Question 15

GDP/Capita

Answer 15

£36000

Question 16

Total GDP

Answer 16

£2.851 trillion
Services 79%
Manufacturing 14%
Construction 6%
Agriculture 1%

Question 17

Employment Rate

Answer 17

75.1%

Question 18

Economic Inactivity Rate

Answer 18

21.4%

Question 19

Wage Growth

Answer 19

5.9%

Question 20

Job Vacancies

Answer 20

Falling

Question 21

Youth Unemployment

Answer 21

13.3%

Question 22

Consumer Confidence

Answer 22

Very Weak

Question 23

Core Inflation Rate

Answer 23

3.4%

Question 24

Producer Price Inflation

Answer 24

0.3%

Question 25

Inflation Expectations

Answer 25

3.9%

Question 26

Current Account Deficit

Answer 26

2.6% GDP

Question 27

Productivity and Investment

Answer 27

Very Poor

Question 28

Minimum Wage

Answer 28

£12.21/hour

Question 29

Exchange Rate (Weak £)

Answer 29

£1 = $1.32 £1 = €1.16

Question 30

US and Euro Area

Answer 30

Slowing Stagnating

Question 31

Budget Deficit (2024-2025)

Answer 31

4.8% GDP (£137 bn)

Question 32

National Debt

Answer 32

95.5%

Question 33

Bond Yields

Answer 33

4.67%

Question 34

Income Tax Bands

Answer 34

0% to £12,570 20% (12,570 to 50,270) 40% (50,270 to 125,140) 45% (125,140 +) Frozen to April 2028

Question 35

National Insurance

Answer 35

Employees: 12% to 10% to 8%

Question 36

Corporation Tax

Answer 36

25%

Question 37

VAT

Answer 37

20%

Question 38

Gini Coefficient

Answer 38

0.357

Question 39

Average Lending Rate

Answer 39

4.75%

Question 40

Banks Willingness to Lend

Answer 40

Good

Question 41

Consumer Confidence

Answer 41

Very Weak

Question 42

Business Confidence

Answer 42

Very Weak

Question 43

Savings Ratio

Answer 43

12%

Question 44

Quantitative Easing

Answer 44

£895 bn