PAPER 3- Bullet Point 5

Question 1

Impact of the decisions made by central government on

Answer 1

• political issues
• level and type of government support for businesses
• taxation
• the economy

Question 2

two political issues

Answer 2

brexit

covid

Question 3

impact of brexit on sports retailers

Answer 3

• staffing issues
• stock issues
• trade barriers (increased bureaucracy)

Question 4

examples of government investment into the sports industry

Answer 4

• sport england invests in equipment, leisure centres and

- UK sport funds bidding for hosting international events and developing infrastructure needed

Question 5

government investment into the sports industry during covid

Answer 5

• payed furlough schemes to allow clubs to continue during covid

Question 6

effect of taxation on sports retailers

Answer 6

• lower taxes —– more demand in economy—– higher output—- more employment
• higher taxes —– higher costs—— make them less competitive in a global market
• —–> reduce demand ——> more unemployment

Question 7

national insurance has gone up by

Answer 7

1. 25%

- less disposable income

Question 8

rising unemployment

—-> leads to

Answer 8

• less demand for luxury goods as consumer incomes fell
  but
• larger pool for applicants for job vacancies

Question 9

interest rates from …..% in lockdown to ……% in end of 2021

Answer 9

0.1% to 0.75%