Kwasi Kwarteng, the UK’s new chancellor, wants to set a 2.5 per cent target for economic growth. This is wishful thinking until he can show he can achieve his ambition © Toby Melville/Reuters

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

Specification:

  • Fiscal policy, inflation

Click to read the article below and then answer the questions:

The mini-Budget is taking great risks with the public finances

  • Distinguish between i) national insurance contributions; and ii) corporation taxes

  • Briefly outline the role of the Office for Budget Responsibility

  • Using a diagram, analyse the effects of tax reductions on employment

  • Evaluate whether the government’s borrow and spend attitude is inimical to inflation

Gavin Clarke, Emmanuel College

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