Explain how each of these businesses might be affected by the following changes :
- a decrease in the rate of income tax
- an increase in VAT from 17.5% to 19%
- more government spending on school textbooks
- a fall in interest rates by 1% over six months
- a rise in excise duty on cigarettes by 25p per pack of 20
A) A large electrical retailer
B) A large supermarket chain
C) A medium sized housebuilding company
D) A book publisher
E) A tobacco manufacturer
- a decrease in the rate of income tax
- an increase in VAT from 17.5% to 19%
- more government spending on school textbooks
- a fall in interest rates by 1% over six months
- a rise in excise duty on cigarettes by 25p per pack of 20
A) A large electrical retailer
B) A large supermarket chain
C) A medium sized housebuilding company
D) A book publisher
E) A tobacco manufacturer