Answers
Lower borrowing costs cut repayments
Sustained rise in general prices
Added to most goods and services
Value of one currency in another
Productivity levels may fall
Recruitment becomes easier for firms
Budget brands may gain customers
Charges imposed by the government
Workforce skills may decline
Tourists get more or less currency
People seeking work but none available
Higher returns encourage saving
Rising earnings lift sales
Falling earnings cut spending on treats
Higher borrowing costs reduce investment
More new businesses may open
Demand for luxury goods grows
Price of borrowing money
Foreign consumers pay more or less
Less pressure to raise wages
Cheaper loans can lift share prices
Mortgage costs change for homeowners
Deducted from workers' pay
Money earned from work or investments
Strong pound makes imports cheaper
Social problems may increase
Weak pound makes exports cheaper
Firms may pass costs to customers
Paid on company profits
Businesses pay more for materials
Workers may demand higher wages
Different rates apply in each country
Cost of living increases