Economics in the News - 29th October - (Budget Special)

Question 1

What is the missing word in this headline? "China needs to learn lessons from ______'s 1990s collapse"

Accepted Answer

Japan

Question 2

The UK energy price cap is to be reviewed as many gas supply firms go bust. What is the name of the industry regulator?

Accepted Answer

OFGEM

Question 3

What is the missing word in this recent headline? "Housing lenders raise UK ________ rates as inflation fears take hold"

Accepted Answer

Mortgage

Question 4

Russia has threatened gas supply to Europe's poorest state. Which country is this?

Accepted Answer

Moldova

Question 5

A 4% levy will be placed on property developers with profits over £25m rate to help create a fund to finance?

Accepted Answer

Removal of unsafe cladding in housing

Question 6

According to the government's latest forecast, what will be the average inflation rate for the UK in 2022?

Accepted Answer

4%

Question 7

The Minimum Wage for workers aged 22+ years will go up by 6.6% from April 2022. What will be the new hourly rate?

Accepted Answer

£9.50

Question 8

Can you identify the UK economic data shown in this chart?

Accepted Answer

Government debt as % of GDP

Question 9

The chart shows the quarterly profit for which business?

Accepted Answer

Tesla

Question 10

Due to export bans and other sanctions, in which countries can you not legally buy Coca-Cola?

Accepted Answer

Cuba, North Korea

Question 11

Tesla’s stock market value topped $1 trillion after which business ordered 100,000 of its vehicles?

Accepted Answer

Hertz

Question 12

Santander Bank reported profits of £687m for third quarter of 2021. From which country does it originate?

Accepted Answer

Spain

Questions 12