BTEC Level 3 Diploma in Business Unit number: Unit 38 Unit title: Health and Safety
Name: Dong Joon Criteria: P3
P3) Identify the impact of government spending on a selected business.
At the ending of 2016 total UK public spending were £761.9 billion. UK has spent £156.9 billion on pension, £142.7 billion on health care, £85.2 billion on
education, £45.6 billion on defence and £113.1 billion on welfare.
Local Government Spending National Government Spending Current European Union Spending
Spending on In 2016 the UK government has spent £761.9 National Government Spending depend on In 2016 UK’s net contribution was
public services billion for public services. Out of this money, how much tax was collected. For instance, if estimated to £8.5 billion. However, UK is
£157 billion were spend in pension. Also, £85 tax is increased it means that government leaving EU which means that soon
billion out of £761.9 were sent on public will have more money to spent on public European Union Spending will change.
education. In terms of The Come Haven services. However, if economy of the
Holiday Park, this benefits business as if larger country is not doing well, it means that
number of people are educated, it means that government will optimise spending’s and
CHHP can employ higher educated people. All might increase overall government debt.
these investments helped local area to be
improved. As Hastings area is improving, it
means that it will eventually start to attract
more people. Because of that, larger number
of people will go to The Combe Haven Holiday
Park.
Spending on the In terms of the spending on the private and If UK government will decide to invest As government will make more
private and voluntary sector, UK’s government has spent money in every private company such as investments it means that EU will be more
voluntary sector £85.2 billion on education which is beneficial railways businesses, electricity businesses loyal to the UK which could possibly cause
for government and all businesses. The reason foreign direct investment. However, UK is
and nuclear station businesses there are
for that is because if people are more leaving EU, therefore soon something
possible outcome that will cause an increase
educated in means that they would have to might change.
get properly paid. Therefore, government can in overall spending and increase aggregate
receive bigger tax and businesses will become demand. Therefore, demand for that will
Name: Dong Joon Criteria: P3
P3) Identify the impact of government spending on a selected business.
At the ending of 2016 total UK public spending were £761.9 billion. UK has spent £156.9 billion on pension, £142.7 billion on health care, £85.2 billion on
education, £45.6 billion on defence and £113.1 billion on welfare.
Local Government Spending National Government Spending Current European Union Spending
Spending on In 2016 the UK government has spent £761.9 National Government Spending depend on In 2016 UK’s net contribution was
public services billion for public services. Out of this money, how much tax was collected. For instance, if estimated to £8.5 billion. However, UK is
£157 billion were spend in pension. Also, £85 tax is increased it means that government leaving EU which means that soon
billion out of £761.9 were sent on public will have more money to spent on public European Union Spending will change.
education. In terms of The Come Haven services. However, if economy of the
Holiday Park, this benefits business as if larger country is not doing well, it means that
number of people are educated, it means that government will optimise spending’s and
CHHP can employ higher educated people. All might increase overall government debt.
these investments helped local area to be
improved. As Hastings area is improving, it
means that it will eventually start to attract
more people. Because of that, larger number
of people will go to The Combe Haven Holiday
Park.
Spending on the In terms of the spending on the private and If UK government will decide to invest As government will make more
private and voluntary sector, UK’s government has spent money in every private company such as investments it means that EU will be more
voluntary sector £85.2 billion on education which is beneficial railways businesses, electricity businesses loyal to the UK which could possibly cause
for government and all businesses. The reason foreign direct investment. However, UK is
and nuclear station businesses there are
for that is because if people are more leaving EU, therefore soon something
possible outcome that will cause an increase
educated in means that they would have to might change.
get properly paid. Therefore, government can in overall spending and increase aggregate
receive bigger tax and businesses will become demand. Therefore, demand for that will
