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

GDP

Answer 7

3.4 Trillion

Question 8

HDI

Answer 8

Ranked 15

Question 9

Multiplier Effect

Answer 9

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

Question 10

FDI

Answer 10

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

Question 11

Welfare Benefits

Answer 11

PIP Payments have reduced by 64%

Question 12

Annual Growth Rate

Answer 12

1.1% (2024)

Question 13

Quarterly Growth Rate

Answer 13

0.1%, 0%

Question 14

Annual Growth Forecast

Answer 14

1% (OBR), 0.75% (BoE)

Question 15

Output Gap

Answer 15

-0.6%

Question 16

GDP/Capita

Answer 16

£36000

Question 17

Total GDP

Answer 17

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

Question 18

Employment Rate

Answer 18

75.1%

Question 19

Economic Inactivity Rate

Answer 19

21.4%

Question 20

Wage Growth

Answer 20

5.9%

Question 21

Job Vacancies

Answer 21

Falling

Question 22

Youth Unemployment

Answer 22

13.3%

Question 23

Consumer Confidence

Answer 23

Very Weak

Question 24

Core Inflation Rate

Answer 24

3.4%

Question 25

Producer Price Inflation

Answer 25

0.3%

Question 26

Inflation Expectations

Answer 26

3.9%

Question 27

Current Account Deficit

Answer 27

2.6% GDP

Question 28

Productivity and Investment

Answer 28

Very Poor

Question 29

Minimum Wage

Answer 29

£12.21/hour

Question 30

Exchange Rate (Weak £)

Answer 30

£1 = $1.32 £1 = €1.16

Question 31

US and Euro Area

Answer 31

Slowing Stagnating

Question 32

Budget Deficit (2024-2025)

Answer 32

4.8% GDP (£137 bn)

Question 33

National Debt

Answer 33

95.5%

Question 34

Bond Yields

Answer 34

4.67%

Question 35

Income Tax Bands

Answer 35

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

Question 36

National Insurance

Answer 36

Employees: 12% to 10% to 8%

Question 37

Corporation Tax

Answer 37

25%

Question 38

VAT

Answer 38

20%

Question 39

Gini Coefficient

Answer 39

0.357

Question 40

Average Lending Rate

Answer 40

4.75%

Question 41

Banks Willingness to Lend

Answer 41

Good

Question 42

Consumer Confidence

Answer 42

Very Weak

Question 43

Business Confidence

Answer 43

Very Weak

Question 44

Savings Ratio

Answer 44

12%

Question 45

Quantitative Easing

Answer 45

£895 bn