Which is better for the UK economy?
It’s a question many in the UK will be asking themselves at the end of the year.
The UK economy is currently in recession and is on course to lose almost a quarter of its jobs this year.
That means there is a need to find the best way to support the economy.
With the election approaching and uncertainty over Brexit looming, there is still a lot to decide about how to fund the economy and how best to help the UK in the long run.
One question that is not getting a lot of answers is: which is better: a strong economy or a strong government?
In this BBC Sport quiz, we will be looking at what factors might make the former, and what factors make the latter, the best choice.
What is the UK’s biggest economic problem?
The UK is still the world’s second largest economy.
But, over the last few years, the UK has struggled with inflation, high unemployment and a weak recovery.
A combination of these factors have put the UK at the crossroads of its economic future.
The economy is facing a double whammy: high inflation and low growth, combined with the looming prospect of a potential Brexit.
What are the biggest UK problems right now?
Inflation The UK has seen a very high level of inflation in recent years.
Between 2014 and 2020, the rate of inflation reached an all-time high of nearly 26 per cent, the highest rate in the EU.
However, inflation has been falling over the past few years.
In fact, inflation is currently at its lowest level since the early 1980s, and it has been trending down since 2013.
But, it is also forecast to reach its lowest point since the 1970s.
Weak economic growth In the early 2000s, the economic growth rate was around 5 per cent a year.
Since then, the growth rate has fallen to around 1.5 per cent.
This is a good sign that growth is returning to the UK, but there are still some big problems to be overcome.
Firstly, the number of people working in the country has fallen from the peak of nearly 16 million in the mid-2000s to around 13 million in 2020.
Secondly, the unemployment rate has remained at over 15 per cent for most of this decade.
Thirdly, the government is still borrowing money from the EU to fund its deficit spending.
It has already borrowed a record £1.1 trillion from the European Central Bank, and the UK is on track to borrow more than £10 trillion from other EU countries in the coming years.
However, the Government’s budget has been in deficit for the last two years and the public finances are still in dire straits.
What is it like to live in the shadow of Brexit?
In recent months, the debate around Brexit has seen the UK remain the centre of the political world.
However, it seems to have created an opening for other countries to follow suit.
For example, Britain has been accused of having an open door policy towards EU countries like Italy and France.
According to a recent survey by YouGov, more than a quarter (26 per cent) of Brits think Britain should be open to other countries entering the European Union.
How much does the UK rely on the EU?
The UK relies on the European single market, which gives it access to the rest of the world, and free movement of people.
Furthermore, the British have been part of the European Economic Area (EEA), which allows the UK to access its single market.
EU membership has also meant that the UK remains part of a common defence, security and foreign policy umbrella.
The EU’s Single Market: The UK’s relationship with the European Single Market is one of the most important aspects of the UK and the EU’s relationship.
Its membership allows us to negotiate free trade deals, negotiate free-trade deals with all the countries of the EU, and to share our security, defence and foreign affairs.
European Common Foreign and Security Policy: The EU and the European Community are the European political and security umbrella organisation.
The European Economic Community: This is the EU-wide economic organisation and has a common currency and an annual budget.
Europe has a single market and the free movement area.
Membership in the European Communities means that Britain has free movement in the continent, but is bound by rules that apply to all members of the bloc.
Other countries outside the EU also have access to our markets, but their membership is not subject to the same rules as the UK.
International Trade: The single market is a way for EU countries to bring their goods into the UK without tariffs.
Britain is also an important trading partner with the EU because of its position as a major exporter of goods to the continent.
Trade agreements between the EU and other countries outside of the EEA have been signed, and this is an area that Britain is likely to continue to trade with. British