Football clubs hit by the recession

This interesting article from the Telegraph shows how the economic crisis is causing problems for football clubs in the UK.

It is useful for explaining the effect of a weak pound on imports and the impact of the new 50% tax rate on top earners.

Possible GCSE style questions for this article

Explain how exchange rates are determined? (4 marks)

Explain how the weakened pound could affect the UK balance of payments? (4 marks)

Explain why the 50% tax rate is considered to be a progressive tax? (3 marks)

‘UK football clubs will be negatively affected by the weakened pound and the new 50% tax rate’. Do you agree with this statement; Give reasons for your answer using the article to help you (8 marks)