Public Services Source Of Income/tax Flashcards

1
Q

What is austerity

A

Austerity refers to strict economic policies where spending on public services is cut to try and balance with growing public debt

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2
Q

What does austerity have an impact on?

A

1.the protective services
2.protective service employees
3.the community that they serve

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3
Q

What is the result of austerity policies?

A

1.lack of resources
2.stress
3.slower response times
4.fire and police station closure

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4
Q

What is VAT tax?

A

It is a tax added to most product’s and services sold by businesses this tax must be registered if their taxable turnover is more than £90,000

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5
Q

What is property tax?

A

A tax that is based of the value of a property the higher the value the higher the tax

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