Gov Finances

Question 1

Budget Deficit

Answer 1

4.2& of GDP

Question 2

National Debt

Answer 2

98% of GDP

Question 3

What does the IMF say about the UK’s budget deficit and national debt

Answer 3

1) Its on the edge of these figures being unsustainable in the long run.
2) Also risk of the UK defaulting on these figures

Question 4

What is Bond Yields at

Answer 4

4.2%

Question 5

Where does national insurance stand and where was it before

Answer 5

Now 8%
Before 10%

Question 6

Where is corporation tax

Answer 6

25%

Question 7

Where is VAT

Answer 7

20%

Question 8

What’s the UK Gini coefficient, an what rate has it risen from.

Answer 8

Now 0.357
Before 0.34