Section C-Funding and accountability

Funding/Budgeting with the UK Gov is managed by the........

• The minister for finance

• The Prime Minister

• Chancelor of the Treasury

• Chancellor of the Exchecquer

UK taxation (money gained via taxes) goes in to the.......

• Bank of England

• Treasury

• Central Government

• Local Government

Central Gov direct tax is made up of what..........

• Income tax, corporation tax, inheritance tax and gift tax

• Income tax, corporation tax, and gift tax

• Tax, corporation tax, inheritance tax and gift tax

• Income tax, company tax, house tax and gift tax

VAT-stands for what.........

• Value added tax

• Value and tax

• Variable added tax

• Variable additional tax

Local gov taxation comes from what funding source?

• Working tax, only pay if in work

• Council tax, all households pay it

• Local person tax, individuals pay it

• Over 18 taxes, only pay if over 18

What does 'Austerity' mean?

• Strict polices to save money

• Spending less money in general but giving more to the services

• Spending more money to help services

• Strict economic polices imposed to control debt

What does 'Accountability' mean?

• All of these

• Mis-conduct will be reported and investigated

• All services are answerable to institutions and communities they serve

• Held accountable for their actions

Financial accountability is what............

• Showing that all taxpayers money has been spent effectively and wisely

• Being an accountant and keeping the books in order

• Making sure you keep a record of all transactions

• Showing that all taxpayers money has been spent

What is a 'Stakeholder'?

• Any individual who can affect or is affected by each service

• Any individual who is impacted by a protective service

• All of these

• Internal or external people/organisations

What does 'Judicial Review' mean?

• A court proceeding where an MP reviews public services action

• A court proceeding

• A court proceeding where a judge reviews a public services action

• A judge making new laws