Theme B: Economy & Budget
- Created by: Burney7
- Created on: 06-10-20 15:36
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- Economy & Budget
- Taxes
- Direct taxes
- Income tax
- Inheritance tax
- Council tax
- Indirect taxes
- VAT
- Excise Duties (tax on alcohol and tobacco)
- Government revenue
- Raising revenue and controlling how it is spent
- Direct taxes
- Chancellor of Exchequer
- Responsibilities
- Raising revenue and controlling how it is spent
- Giving gov. Departments expenditure limits
- Leading the Treasury
- Austerity (gov. reduces spending w/ budget cuts and taxation increased)
- Responsibilities
- Budget
- Budget Provision
- Parties release budget plans in manifesto
- What does the government spend on?
- Social Protection
- Health
- Education
- Defence
- Budget Provision
- Taxes
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