Stats.

Question 1

Annual growth rate(2018)-

Answer 1

1.4%

Question 2

Last quarter of 2018 growth rate-

Answer 2

0.2%

Question 3

2019 growth rate forecast-

Answer 3

1.2%

Question 4

Real GDP per capita-

Answer 4

£29,000

Question 5

Total GDP-

Answer 5

£2 Trillion

Question 6

How are the sectors broken up within the UK?

Answer 6

79% Services, 14% Manufacturing, 6% Construction and 1% Agriculture.

Question 7

Unemployment-

Answer 7

3.9%

Question 8

Youth unemployment-

Answer 8

11%

Question 9

Wage growth-

Answer 9

3.4%

Question 10

Consumer confidence-

Answer 10

Weakening.

Question 11

Income tax bands-

Answer 11

0% up to £12,500, 20% up to £50,000, 40% up to £150,000 and 45% over £150,000.

Question 12

CPI-

Answer 12

1.9%

Question 13

Core inflation (CPI without volatile goods)-

Answer 13

1.8%

Question 14

Producer price inflation(indication of future inflation)-

Answer 14

2.4%

Question 15

Inflation expectations-

Answer 15

2.7%

Question 16

Wage growth-

Answer 16

3.4%

Question 17

Current account deficit-

Answer 17

4.4% (weak pound has done nothing to help)

Question 18

What are the two big weaknesses in the UK economy at the moment?

Answer 18

Low productivity and investment.

Question 19

How far below is our productivity compared to the G7 average?

Answer 19

19%

Question 20

What has the brexit vote done to consumer confidence and what does this do for the economy?

Answer 20

Reduced confidence which results in lower FDI and ultimately less competition.

Question 21

Eurozone growth and why its bad for the UK-

Answer 21

1%. Less export demand for the UK.

Question 22

Employment and growth in the US-

Answer 22

Full employment and 3% growth.

Question 23

National debt and 2023 forecast-

Answer 23

Over 80% of GDP. 74% of GDP.

Question 24

Bond yields and what this means-

Answer 24

1%. Cheap for government to borrow.

Question 25

Budget deficit and 2023 forecast-

Answer 25

2%. 0.8%.

Question 26

Corporation tax-

Answer 26

19%

Question 27

VAT-

Answer 27

20%

Question 28

Gini coefficient in the UK (downward or upward trend?)-

Answer 28

0.34 down from 0.36 in 2010. Still higher than many other countries.

Question 29

Base interest rate-

Answer 29

0.75%

Question 30

Average lending rate-

Answer 30

1%

Question 31

Average mortgage rate (2 yr fixed, 1st time buyer)-

Answer 31

1.75%

Question 32

Consumer confidence-

Answer 32

Fallen since January because of Brexit.

Question 33

Business confidence-

Answer 33

Very weak since the Brexit vote.

Question 34

Mortgage approvals (rate of growth)-

Answer 34

Flat growth.

Question 35

Willingness to lend-

Answer 35

Very weak up to 2016. Increase since. Hesitation around riskier loans such as small enterprises.