Economics class: Lower public borrowing gives Sunak room to stall national insurance rise

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

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

Lower public borrowing gives Sunak room to stall national insurance rise

• Explain what is meant by public sector net borrowing

• With reference to the chart, identify the period when there was an opportunity to pay down some of the national debt

• Using a diagram, explain the induced nature of tax receipts

• ‘The figure came in £12.9bn under official forecasts . . . a similar value to the £12bn national insurance tax rise.’  Evaluate whether Sunak should stall the national insurance rise

Gavin Clarke, Emmanuel College