PESTLE - Political
The P in PESTLE stands for political influences.
These are decisions made by the government which will have an impact within a particular environment. This is because governments at local, national and international levels provide rules and regulations which influence the way people live.
If a government decides to increase the rate of income tax A tax paid on earnings., this may mean that people will have less disposable incomeMoney available for spending and saving once taxes have been deducted.. Less disposable income means less money to buy goods and services from businesses.
Real-life example
The Educational Maintenance Allowance is a financial scheme that involves young people between the ages of 16 and 19 receiving an allowance of money on a fortnightly basis in order to support them in their education. The scheme has been withdrawn in England, although it is currently still available in Wales (in 2017).
The current voting age in Wales is 18. If the voting age is reduced in Wales to 16, it may mean that young people are better able to influence political decisions that involve issues such as whether to withdraw schemes such as the Educational Maintenance Allowance.
