ILO:

a) The main influences on government expenditure:
o the trade cycle
o fiscal policy

Trade cycle

Explain how a recession would influence Government expenditure?
Y1 6) The Economic Cycle (Business Cycle) - Stages, Characteristics and Causes
UK plunges into worst recession of any major economy - BBC News
Why did the UK Government implment austerity after the financial crisis?
What Is Austerity? | The Breakdown By HuffPost
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Explain what is meant by means tested benefits?
"Got myself into one big mess" - Universal Credit Documentary ¦ BBC Stories
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Fiscal Policy

What does the Government spend money on?
What happens if the Government want to spend more?
How does the government spend your money?
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Who’s buying Britain’s debt?
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What is the risk of to much national debt?
Public Debt: how much is too much? | The Economist
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Assess if running a budget surplus needs to be  a legal obligation for Government's during economic growth?
UK Budget Surplus Law | FT Business
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Task:
Research the annual UK Budget and Autumn Statement. Analyse the effects of 3 of their policy changes on the macro economy.

Revision webinars

Fiscal Policy: Government Spending
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Economics of the National Debt
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