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  • Budget surplus, Budget deficit, Tax Revenues, Laffer Curve

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

Stronger UK public finances set to increase pressure on Rishi Sunak

  • Define the term budget surplus

  • Define the term budget deficit

  • Explain one factor that is causing the economy to become “tax richer”

  • Discuss the case for cutting taxes refer to both protecting against rises to the cost of living and the Laffer Curve in your response

John Greenwood, Bromley High School for Girls 

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