How does the UK get its money?

Answer 1

The UK generates revenue primarily through taxation, which includes income tax, value-added tax (VAT), corporation tax, and various other taxes and duties. Additionally, the government earns income from public assets, investments, and state-owned enterprises. Borrowing through the issuance of government bonds also contributes to funding, especially during times of economic need. Together, these sources help finance public services, infrastructure, and welfare programs.