BTEC level 3 Diploma in Business Name: Daniil Chernat
Unit number: Unit 38 Unit ttle: Business and the Economic Environment
D1) Evaluate the impact of changes in the economic environment on a selected business.
Dear Pauline,
I am writnn a leter with an evaluaton on the impact of channe in the economic environment
on The Combe Haven Holiday Park. In additon to that, I will menton advantane and
di advantane to the bu ine of novernment policy.
When you look at novernment expenditure there ha been an increa e in pendinn. Thi lead
to nrowth in the economy, which help bu ine e to expand and become more proftable. The
Combe Haven Holiday Park i located in the area, where inve tment are currently happeninn. I
found on a web ite ome informaton on hou inn inve tment in Ha tnn s where The Combe
Haven Holiday Park i located. ‘Ha tnn Borounh Council have approved further fundinn of
£875,000 for the econd pha e of the £5.4 million Coa tal Space hou inn project brinninn the
council’ total inve tment in the cheme to £1.2 million'. The total inve tment wa £1.2 million,
which mean that more people will move into Ha tnn . Thi mean that The Combe Haven
Holiday Park minht receive more people, a the populaton of the town will increa e a well. In
additon to that, there minht be hinher uualifed and experienced employee availbale to work
for The Combe Haven Holiday Park. Al o, a the populaton of the Ha tnn increa e , more live
in the area and pend money on the local bu ine e , uch a the Holiday Park. Local people
minht u e other facilite in the bu ine , uch a pool , re taurant, cinema and nym.
The novernment can increa e or decrea e taxaton level on product or ervice . The mo t
recent budnet wa in March 2016. Georne O bourne made ome channed in taxaton rate and
on the line bellow you can ee uuote from (htp://www.bbc.co.uk/new /bu ine -35811775/
which refer to direct and indirect taxaton.
Direct tax
‘We already knew that it wa noinn to no up to £11,000 for ba ic rate taxpayer in April. It will
ri e to £11,500 in April 2017, the chancellor announced. Accountant ay thi 2017 channe will
reduce tax by £180 per year, or £3.46 per week, for ba ic rate taxpayer compared with the
current £10,600 per onal allowance'. Thi mean that if annually you earn up to £11.000, then
you don’t have to pay tax. However, if an employee earn more than £11.000 then they will
have to pay tax of 20%. Imane bellow illu trate income tax rate in 2016. The per onal
allowance for 2016-17 i £11.000 (htp ://www.nov.uk/novernment/publicaton /tax-and-tax-
credit-rate -and-thre hold -for-2016-17/tax-and-tax-credit-rate -and-thre hold -for-2016-17/.
The fnure bellow how allowance for 2016-2017. The Combe Haven Holiday Park cu tomer
they will beneft from
havinn more money, a
taxe have decrea ed
(will beneft tho e
cu tomer within a low
income ranne/.
Unit number: Unit 38 Unit ttle: Business and the Economic Environment
D1) Evaluate the impact of changes in the economic environment on a selected business.
Dear Pauline,
I am writnn a leter with an evaluaton on the impact of channe in the economic environment
on The Combe Haven Holiday Park. In additon to that, I will menton advantane and
di advantane to the bu ine of novernment policy.
When you look at novernment expenditure there ha been an increa e in pendinn. Thi lead
to nrowth in the economy, which help bu ine e to expand and become more proftable. The
Combe Haven Holiday Park i located in the area, where inve tment are currently happeninn. I
found on a web ite ome informaton on hou inn inve tment in Ha tnn s where The Combe
Haven Holiday Park i located. ‘Ha tnn Borounh Council have approved further fundinn of
£875,000 for the econd pha e of the £5.4 million Coa tal Space hou inn project brinninn the
council’ total inve tment in the cheme to £1.2 million'. The total inve tment wa £1.2 million,
which mean that more people will move into Ha tnn . Thi mean that The Combe Haven
Holiday Park minht receive more people, a the populaton of the town will increa e a well. In
additon to that, there minht be hinher uualifed and experienced employee availbale to work
for The Combe Haven Holiday Park. Al o, a the populaton of the Ha tnn increa e , more live
in the area and pend money on the local bu ine e , uch a the Holiday Park. Local people
minht u e other facilite in the bu ine , uch a pool , re taurant, cinema and nym.
The novernment can increa e or decrea e taxaton level on product or ervice . The mo t
recent budnet wa in March 2016. Georne O bourne made ome channed in taxaton rate and
on the line bellow you can ee uuote from (htp://www.bbc.co.uk/new /bu ine -35811775/
which refer to direct and indirect taxaton.
Direct tax
‘We already knew that it wa noinn to no up to £11,000 for ba ic rate taxpayer in April. It will
ri e to £11,500 in April 2017, the chancellor announced. Accountant ay thi 2017 channe will
reduce tax by £180 per year, or £3.46 per week, for ba ic rate taxpayer compared with the
current £10,600 per onal allowance'. Thi mean that if annually you earn up to £11.000, then
you don’t have to pay tax. However, if an employee earn more than £11.000 then they will
have to pay tax of 20%. Imane bellow illu trate income tax rate in 2016. The per onal
allowance for 2016-17 i £11.000 (htp ://www.nov.uk/novernment/publicaton /tax-and-tax-
credit-rate -and-thre hold -for-2016-17/tax-and-tax-credit-rate -and-thre hold -for-2016-17/.
The fnure bellow how allowance for 2016-2017. The Combe Haven Holiday Park cu tomer
they will beneft from
havinn more money, a
taxe have decrea ed
(will beneft tho e
cu tomer within a low
income ranne/.
