
Budget 2020: what it means for your money
Interactive Video
•
Business, Social Studies, Life Skills
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
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
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