Economics class podcast: Autumn Statement Reaction

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Read our full range of economics picks here.

Specification:

• Fiscal policy

Click to listen to the discussion and then answer the questions:

Political fix podcast: Autumn Statement Reaction

• Explain why tax revenues in nominal/cash terms are set to rise by £60bn in 2026-27

• Identify the three areas where the extra £60bn will be spent

• How much is the 20 per cent reduction in NICs worth to the average worker?

• At present, a family with a total income of £99,999 could keep the full benefit, while a family with a single income of £60,000 must pay it all back. Explain why

• Using a withdrawals/injections diagram, analyse the effects of raising the country’s tax burden

• How many supply-side measures were announced by the chancellor?

• Explain why the 25 per cent bonus for signing up to the lifetime ISA is worth less than the 25 per cent penalty applied for withdrawing from the scheme

• Using a diagram, analyse the reasons why the chancellor’s policies regarding business investment were widely welcomed by the programme’s commentators

Gavin Clarke, Emmanuel College