UK Economy

Question 1

What was the GDP growth in 2017 and 2018?

Answer 1

In 2017 it was 1.7% and in 2018 it will be 1.5%

Question 2

What was business investment in 2017 and 2018?

Answer 2

In 2017 it was 2.2% and in 2018 it will be 1.7%

Question 3

What was the CPI inflation in 2017 and 2018?

Answer 3

In 2017 it was 2.7% and in 2018 it will be 2.4%

Question 4

What was the unemployment rate in 2017 and 2018?

Answer 4

In 2017 it was 4.4% and in 2018 it will be 4.4%

Question 5

What was the BOP in 2017 and 2018?

Answer 5

In 2017 it was -4.1% and in 2018 it will be -3.7%

Question 6

What was the fiscal balance in 2017 and 2018?

Answer 6

In 2017 it was -2.2% and in 2018 it will be -1.8%

Question 7

What is happening to real wages?

Answer 7

They are stagnant causing consumer demand to weaken

Question 8

What is happening to capital investment?

Answer 8

It’s low and is a drag on trend growth

Question 9

When did the sterling exchange rate fall greatly?

Answer 9

In 2008 and after the Brexit referendum

Question 10

What has stayed constant for bonds?

Answer 10

The bond yields (beneficial to government)

Question 11

Is there a productivity gap in the UK?

Answer 11

Yes, very large

Question 12

What is the top rate of tax?

Answer 12

45% (over £150,000)

Question 13

What is the amount that can be earned before tax?

Answer 13

£11,500

Question 14

What is the current dept as a percentage of GDP?

Answer 14

85.3%