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Budgeting

Budgeting. Across the UK. My Expectations. Listen while the teacher is talking Listen while other students are talking Put up your hand if you would like to speak Be reliable Respect others at all times Use appropriate language. Is money important?.

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Budgeting

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  1. Budgeting Across the UK

  2. My Expectations • Listen while the teacher is talking • Listen while other students are talking • Put up your hand if you would like to speak • Be reliable • Respect others at all times • Use appropriate language

  3. Is money important? • http://www.youtube.com/watch?v=qMxX-QOV9tI

  4. Last week… • You all did a really good job on working out your own budgets • This is called a personal budget • What do you think a national budget is?

  5. Tax and the National Budget • Guess how much the UK Government has to spend this year? £700,000,000,000!!!!!!!!! (that’s 700 Billion pounds!)

  6. Public Spending and Taxes • The Government is in charge of public spending… • We pay for it through taxes… • Business Tax • Income Tax • Value Added Tax (VAT) • Council Tax

  7. What is TAX spent on? Hospitals? Social Services?

  8. How much would one operation cost in a hospital? How is it paid for?

  9. Who pays tax?People’s wages? Businesses?

  10. Should we spend more or less on schools?

  11. 5 Groups…. • Your group: • NHS • Education • Defence (the army etc.) • Welfare (Benefits etc.) • Pensions

  12. On the paper.. • Discuss how important your service is in the UK and what percentage of the total budget should be spent on you.

  13. What do you think? • Healthcare • Welfare • Education • Defence • Pensions = 100%?

  14. Pass the parcel!

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