Budget 2020: what it means for your money

Budget 2020: what it means for your money

Assessment

Interactive Video

Business, Social Studies, Life Skills

University

Hard

Created by

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What measures did the Chancellor introduce to support small businesses during the Corona crisis?

New stamp duty rate for overseas buyers

Increased statutory sick pay

Emergency loans and tax bill extensions

Higher National Insurance threshold

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much will the average worker save annually due to the raised National Insurance threshold?

£50

£150

£200

£100

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What change was made to the Junior ISA limit?

It was more than doubled to £9,000

It remained the same

It was reduced to £4,500

It was increased by £1,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the new 2% stamp duty rate for overseas buyers?

To support local businesses

To fund homelessness initiatives

To increase government revenue

To discourage foreign investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group benefited from the eased pension tax position?

Overseas property buyers

Gig economy workers

NHS doctors

Small business owners