ECON1

Introduction to GovernmentAnswer all the questions below

1. Research the following information

Job Office HolderFirst Lord of the TreasuryChancellor of the ExchequerGovernor of the Bank of EnglandHead of the Financial Conduct AuthoritySecretary of State for BusinessChief Secretary to the TreasuryHead of the Office for Budget Responsibility

2. Why would a government intervene in a market?3. Are there reasons other than economic reasons that a government

may decide to intervene in a market4. Using your economic knowledge explain 2 occasions whereby the

UK government has had to intervene in the economy

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