Why does the government need money ?
Why does the government need money ?Government needs money to run its various departments, pay the government employees and provide its citizens goods and services such as hospitals, schools, social security, national defense, law enforcements, disability payments and unemployment support to name a few. Without these services and public goods it would be impossible to run a country.How does the United Kingdom Government generate revenue ?Main income source of the United Kingdom government is taxation. Corporate Taxes, Income Taxes, Value Added Taxes are few streams that generate revenue for the governments.Why does the United Kingdom Government borrow money? All governments like…