the state of a country or region in terms of the production and consumption of goods and services and the supply of money

the rate at which the prices of goods and services rise over time, meaning money gradually loses value

Is UK Government action led by the economy?

Citizenship

How does the Government get its money?

Why should we pay tax?

How does the Government spend its money?

What are the financial challenges facing local government?

Should public services be privatised?

Pupils learn what the economy is, what taxes are and consider local and central government spending and risk management.

How does the economy work?

the Government's yearly financial plan, showing how much money it will collect and spend on public services like healthcare, education and transport

provides money for something, for example, the Government raises and allocates money

the charges imposed by the Government on citizens and corporations to finance some of its spending

contributions paid from money earned to enable individuals to qualify for certain benefits and the state pension

the Government department responsible for managing the country's finances

a system of government that operates at a local level providing services to its community

essential needs provided by the Government or local authorities to meet the needs of the public, such as healthcare, education, transportation and safety

an elected body responsible for local decisions, including parish councils, city councils and county councils

a local, direct tax calculated on the basis of the value of a property and the number of people living there

in this context, owned and run by the UK Government and funded out of tax

owned and run by companies that have nothing to do with the Government and are funded by shareholders and investors

public services that have been sold by the UK Government to private companies to run on their behalf

How does the economy work?

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