Year 13 A2 Level Business Studies Government economic policies

Main policies Fiscal policy Monetary policy Supply side policy

Fiscal policy: Your task Fiscal policy: changes in tax rate or spending by the government to manage the economy Lower basic rate of income tax Lower corporation tax Higher fuel duty Higher alcohol duty / increased government budget Increased spending

Fiscal policy: Your task In pairs/groups you are to research one of the allocated areas (use P182-3 to help) You need to cover: –What it means? –Explain the impact on business (ie analysis) –What will businesses then do (ie evaluation) –Find a ‘real’ example of how your policy has been changed / updated / etc You have only one lesson to complete this and will present back ‘informally’