Budgeting

BudgetingAcross the UKMy ExpectationsListen while the teacher is talkingListen while other students are talkingPut up your hand if you would like to speakBe reliableRespect others at all timesUse appropriate language

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

Last weekYou 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?Tax and the National BudgetGuess how much the UK Government has to spend this year?

700,000,000,000!!!!!!!!!(thats 700 Billion pounds!)Public Spending and TaxesThe Government is in charge of public spendingWe pay for it through taxesBusiness TaxIncome TaxValue Added Tax (VAT)Council TaxWhat is TAX spent on? Hospitals? Social Services?

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

Who pays tax?Peoples wages? Businesses?

Should we spend more or less on schools?

5 Groups.Your group:NHSEducationDefence (the army etc.)Welfare (Benefits etc.)PensionsOn the paper..Discuss how important your service is in the UK and what percentage of the total budget should be spent on you.

What do you think?Healthcare WelfareEducationDefencePensions

= 100%?Pass the parcel!