Context

Question 1

How many trades have been signed with various countries?

Answer 1

39

Question 2

What are some countries that have had trade deal signed?

Answer 2

Singapore, South Korea, Switzerland, Australia, New Zealand, EU.

As UK is now a member of the trans specific partnership

Question 3

What are some ongoing trade talks?

Answer 3

USA, India, EU, golf council (middle east)

Question 4

Give an example of an industry that would be affected due to FBI in the UK?

Answer 4

Farmers due to New Zealand and Australia agreement and how that impacts the UK

Question 5

Is the UK currently using contractionary or fiscal monetary policy?

Answer 5

Contractionary as rate of inflation is 2.6%

Additionally COVID: 1) massive government spending

Question 6

What was the budget deficit during Covid?

Answer 6

15.1% (2020/2021) —> £305 bn

Question 7

What is the UK’s structural deficit?

Answer 7

The UK structural deficit is the deficit run when the economy is at full employment

2%

Question 8

What is a good country to talk about export led growth?

Answer 8

Bangladesh - textile sector