National finance
National finance. Turn to your partner. Try to list five things our taxes are spent on.
Dec 20, 2015
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National finance
Turn to your partner. Try to list five
things our taxes are spent on.
Defence Health
Public order and safety
Housing and the
environment
Education
With a partner discuss which of
these you think the government spends the most money on, down to the least.
£40 billion£126
billion
£33 billion
£24 billion
£89 billion
With a partner discuss which of
these you think the government spends the most money on, down to the least.
the nation’s budget?
Congratulations. You now live here and have a budget of £711 billion.
This is the current government spending:
National
insuranceIncome tax
VAT (Value
Added Tax)
In your groups, see if you can guess where the money from these
different kinds of tax goes.
Corporation Tax
Between £2,500-£35,000 you pay 20% income tax.
Over £35,00 the rate of income tax is 40% Over £150,000 the rate is 50%
The next few slides you will see, pictures of people, their job and salary will flash up.
See if you can calculate how much income tax they will pay.
David Beckham
Footballer
Salary: £40,000,000
Cheryl Cole
Singer/presenter
Salary: 6,000,000
David Cameron
Prime Minister
Salary: £197, 689
Elizabeth Windsor
The Queen
Salary: £7, 900, 000
Robert Pattinson
Actor
Salary: £12,307,692
The ‘what if’ game.
What do you expect to happen when the iphone 5 is released?
How will the price of the iphone 4 be affected?
Why is this?
What is inflation? What does the Bank of England do
when inflation goes up? Read the information card about
inflation.
You are at a Barter Market fifty years ago. You will each be given a random selection of cards. Your challenge is
to barter and swap them with other people. Once you
have finished, the true prices of these items will be revealed and you will have
to calculate the value of your goods. Whoever has
the highest value wins!
You are now going to create your own currency.
Sketch your design first, and then, using (card/foil/paint/pens) create your currency.
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