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
2
Q
What does austerity have an impact on?
A
1.the protective services
2.protective service employees
3.the community that they serve
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
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
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