Explain ways in which globalisation could help reduce the UK national debt.

You need to explain at least 2 ways to gain full marks.

1 mark for each valid description

1 mark for each valid development

A model answer could look something like this:

Globalisation could help reduce the UK national debt by increasing tax revenue. UK firms may access larger international markets, leading to higher profits and increased corporation tax revenue (1). This could attract foreign direct investment to the UK, creating jobs and boosting income tax revenue (1).

Lastly, globalisation can reduce costs for the government, as access to a larger labour pool, including foreign workers, can help keep public sector wage costs down (1).