Context

• What was the Current Account as a % of GDP for the UK in Q3 2023?

  -2.5%
• What was the GDP growth rate for the UK?

  0.6%
• By how much did productivity fall in Q4 2023?

  1%
• What was the Tax-to-GDP ratio in 2022?

  35.3%
• What is the Gross Savings Rate in the UK?

  16.7%
• What was the net migration figure for the UK?

  745,000
• What was the percentage decrease in inward FDI flows from 2016-2017?

  30%
• What car did Ford release in the 1970s that had design flaws?

  Ford Pinto
• What conclusion did Ford reach regarding lawsuits for the Pinto?

  Cheaper to pay lawsuits than recall
• What scandal involved the Toyota Prius in 2010?

  Design flaws and safety issues
• How does AI contribute to productivity in companies like Amazon?

  • Warehouse automation
  • Packing and transportation
  • Electrifying delivery fleet
  • Drone Delivery Programme
• What is Amazon's strategy to compete with Walmart and Target on delivery?

  Double same-day delivery stores
• How much has Amazon invested in safety initiatives since 2019?

  1 billion
• How does Maersk utilize generative AI?

  Manage supply chains and negotiate contracts
• What are some concerns associated with technological change like AI?

  Structural unemployment and skill gaps
• What type of vehicles does BYD produce?

  Taxis and buses
• What is BYD's average car price compared to Tesla?

  £22,400, half of Tesla's £45,000
• Who is a notable investor in BYD?

  Warren Buffett
• What is BYD's approach to battery production?

  Produce all batteries in-house
• What indirect subsidy does China aim to provide by 2027?

  97 million more tax waivers
• What are the key features of Zero Hour Contracts (ZHC)?

  • Offered by McDonald's
  • Labour party aims to ban ZHC
  • 1.18 million in ZHC in the UK
• What is the current National Minimum Wage (NMW) in the UK?

  £10.42
• How much did Tesco fail to pay in wages to workers?

  £5 million
• How many workers did Pizza Hut fail to pay wages to?

  ~10,000
• What is the expected rise in the National Minimum Wage beginning FY24?

  £11.44
• What was the median gross earnings for men in 2023?

  £34,632
• What was the median gross earnings for women in 2023?

  £25,532
• What is the gender pay gap in 2023?

  9.1%
• How much lower are women's earnings compared to men's?

  £9,100
• What was the decline in private-sector trade union membership in 2022?

  152,000
• What was the decline in public-sector trade union membership in 2022?

  48,000
• What was the trade union density in 2022?

  22.3%
• What is the membership of UNISON?

  1.16 million
• What is the membership of Unite?

  1.12 million
• What is the membership of RCN?

  500,000
• What percentage decline in pay have junior doctors experienced since 2008?

  26%
• What is the current gender pay gap in the public sector?

  14.4%
• Which ethnic groups had the highest poverty rates in 2021/2022?

  Pakistani and Bangladeshi households
• What percentage of working-age adults in working households live in in-work poverty?

  64%
• How many households were estimated to be fuel poor in 2023?

  8.8 million