Macroeconomic case studies

Question 1

How much funding were there in 2019 for funding?

Answer 1

£400 million in school funding

Question 2

What areas of education has the government subsidised?

Answer 2

Spending on apprenticeship schemes(implementation of levees)

Subsidy for adults to retrain

Question 3

How much has the government increased the NHS budget?

Answer 3

£20.5 billion (2023)

Question 4

How much money has been spent on infrastructure for roads?

Answer 4

£28.8 billion (national road funds)

Question 5

What are the two major infrastructure projects for rail?

Answer 5

-Cross rail (West-East London)/HS2

Question 6

How much has the government spent on digital infrastructure (5G)?

Answer 6

£1 billion

Question 7

How much is the energy price cap for households and how much did it cost?

Answer 7

(~£2,500/year)

-£29 billion

Question 8

What are the six key milestones in Labour’s “Plan for Change”?

Answer 8

92% of NHS appointments within 18 weeks

Real disposable household income to rise

13,000 new police officers recruited

1.5 million new homes built

Energy grid fully decarbonised by 2030

75% of children school-ready by reception

Question 9

What were the major fiscal policies in Labour’s first budget?

Answer 9

National Minimum Wage increased to £12.21/hour

£22.6bn boost to NHS day-to-day spending

£5bn allocated for affordable housing

£6.7bn capital investment in education (including 500 school rebuilds)

£1bn for hospital repairs and rebuilding

Question 10

What is Labour’s housing commitment?

Answer 10

To build 1.5 million new homes by 2029, focusing on increasing the availability of affordable housing across the UK.