Supply side policies Flashcards
(3 cards)
1
Q
Education and skills
A
- T levels in areas like engineering
- Apprenticeship levy (2017) - employers with a wage bill over £3 million pay 0.5% into a fund to support apprenticeships
- Lifelong learning entitlement (LLE) - adults get £37,000 over their lifetime to fund education and training
2
Q
Infrastructure
A
- HS2 north-south connectivity, extension to Euston
- Expanding 5G networks - increase connectivity
- Heathrow 3rd runway - enhance capacity to handle cargo
3
Q
Tax
A
- full expensing - businesses can now deduct 100% capital investment from taxable profits
- R&D tax credits for SMEs - deduct an extra 86% R&D costs
