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

How does the Government get its money?

Citizenship

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

Subjects which particular individuals may be sensitive to, eg, adoption, migration, bereavement or death, divorce, poverty, deprivation.

Depiction or discussion of sensitive content

how the Government generates and spends money

the value of properties owned by the monarch

only how money is allocated across the country

Which of the following is **not** a primary way in which the Government raises money?

Which of these industries has been fully privatised in order to raise money for the UK Government?

It allows the Government to avoid borrowing.

It provides the main source of income for public services.

Why is taxation important for government funding?

Fill in the blank: The Government borrows money by issuing {{}}, which create national debt that must be repaid with interest.

a yearly plan presented by the Chancellor of the Exchequer

provides money for something, such as public services

the money the Government raises, mainly through taxation

the money the Government spends on public services and other costs

Match the terms to their correct definitions.

the rate at which prices of goods and services rise over time

a period of economic decline, often leading to increased unemployment

government policies aimed at reducing spending

Which of the following is a sign of a healthy economy?

Fill in the blank: The UK Government takes advice on economic policy from the {{}} .

The Government wants to discourage public transport use.

Bus companies make more money by reducing routes.

There are fewer people using buses during a recession.

The Government needs to prioritise essential services with limited funds.

Why might bus services be cut during a recession?

Fill in the blank: One important measure of a country's economic health is its {{}}, which represents the total value of goods and services produced.

It ensures people never have to pay more for goods and services.

It allows wages to stay the same over time.

It helps prevent prices from rising too quickly or falling too much.

It keeps the cost of borrowing money high.

Why does the Government aim to keep inflation low but positive?