UK Supply Side Policies

Question 1

Interventionist

Answer 1

£31bn for National Productivity Fund

Question 2

Education

Answer 2

£400bn School funding 2019
More funding for Maths and Computer Science
Curriculum Reform
Government spending on Apprenticeships and Levy
Subsidies for Adult Training

Question 3

Healthcare

Answer 3

NHS Budget increasing by £20.5bn above inflation by 2023

Question 4

Infrastructure

Answer 4

£28.8bn from 2020-25 as part of National Roads Fund
Crossrail (connects West London to East London)
HS2 (High-speed rail between London and Leeds)
£1bn on Digital Infrastructure: 5G mobile and full fibre

Question 5

Income Tax Cuts

Answer 5

Tax Free Allowance: £12,500 (was £6,500 in 2010)

40% threshold starts at £50,000 (was £37,400)

Question 6

Corporation Tax Cuts

Answer 6

19% with plans for 17% (was 28% in 2010)

Question 7

Investment Incentives

Answer 7

£1m Investment Tax-free Allowance

Tax relief for SME’s who engage in R+D

Question 8

Welfare Reform

Answer 8

Universal Credit + Welfare Caps

Question 9

Deregulation

Answer 9

Housing Market Planning Permission

£10bn of Red Tape Cut

Question 10

Trade Liberalisation

Answer 10

Post-Brexit Trade Deals (lower tariffs and quotas)