Business welcomes UK budget – answers
true/false/no evidence
- This budget is about spending less. T: ‘a belt-tightening exercise’
- The budget has been modelled on those during World War 11. NE: it is the toughest since the war but we don’t know if they used the war budgets as models
- Some people expected it to be a gloomy budget. T: doom-mongers (predicting something difficult)
- Benefits will be exempt from cuts. F: they will suffer badly (slash and burn)
- Taxes will rise a lot. T: tax hikes
- The chancellor warned people that he would need to deal with the massive budget deficit. T: he said he would take the UK’s finances by storm
- He is only announcing some of the negative elements of the budget. F: he did not want to hide anything or bury anything in the ‘small print’
- The whole deficit will be reduced by spending cuts and tax rises. F: three-quarters
- Pay will be cut by 25% in the public sector. F: it will be frozen for 2 years
- The banks are not happy with a £2 billion tax levy. NE: we don’t know how the banks feel about this tax
- Only a few will feel the pain. F: there will be few who wont feel the pain
- This budget will be good for Britain’s international position. T:according to the man interviewed (Digby Jones)
- The demonstrators believe that the banks caused the problem. T
- The new budget will definitely get Britain out of recession. F: there are some who feel it might push the country back into recession