Macro stats for 2025 (Government finances/Intrest) Flashcards
Cards on the current 2025 figures on government finances
1
Q
What is the current budget deficit?
A
4.8%
2
Q
What is national debt as proportion of GDP?
A
95.5%
3
Q
Why are contractionary fiscal policy needed in the UK?
A
To lower national debt and risk of bankruptcy
4
Q
What are current income tax bonds?
A
0% on up to £12,570
20% from this to £50,270
40% to 125,140
Above this is 45%
5
Q
What is corporation tax and VAT currently?
A
25% and 20%
6
Q
What is the current Gini coefficient?
A
0.357 (increasing)
7
Q
What is the interest rate?
A
4.5%
8
Q
What is the average lending rate?
A
4.75%
9
Q
How much QE in the UK?
A
£895B
