New
New
What does the economy have to do with politics?
I can explain the relationship between the economy and politics.
Lesson 4 of 10
New
New
- Year 11
What does the economy have to do with politics?
I can explain the relationship between the economy and politics.
Lesson details
Key learning points
- The Government makes key decisions to help the UK economy grow and stay stable.
- Support is given to struggling businesses and communities to help them recover.
- The economy can be affected by unexpected global events outside government control.
- Quick political decisions are sometimes needed to protect jobs and services.
- These decisions aim to keep the economy strong during tough times.
Keywords
Economy - the state of a country or region in terms of the production and consumption of goods and services and the supply of money
Tax - the charges imposed by the Government on citizens and corporations to finance some of its spending
Common misconception
The Government have full control of driving and impacting the economy.
Although the Government play a key role in the UK's economy, it is also impacted by external factors, and when this happens, the Government have to make poltical decisions to protect the economy.
Consider business case studies from your local area, ask pupils if they know of any shops that have closed down post Covid-19, or research whether any local cafes or restaurants took part in the 'Eat Out to Help Out' scheme.
Teacher tip
Equipment
Content guidance
- Depiction or discussion of sensitive content
Supervision
Adult supervision recommended
Licence
This content is © Oak National Academy Limited (2025), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1.The charges imposed by the Government on citizens and corporations to finance some of its spending is known collectively as what?
The charges imposed by the Government on citizens and corporations to finance some of its spending is known collectively as what?
Q2.Why is the economy important for a country or region?
Why is the economy important for a country or region?
It controls the weather and natural resources available.
It decides the size of the population and where people live.
It sets the rules and laws for how a country is run.
Q3.Order the words to complete the definition of politics, the way people make...
Order the words to complete the definition of politics, the way people make...
Q4.What can impact the economy?
What can impact the economy?
government decisions only
external factors only
Q5.What is VAT and how does it affect the price of goods and services?
What is VAT and how does it affect the price of goods and services?
a discount that lowers prices for customers
a fee paid by shops to open a business
a charge for delivering goods to customers
Q6.The type of democracy where citizens vote for politicians to make law and policy on their behalf is known as what?
The type of democracy where citizens vote for politicians to make law and policy on their behalf is known as what?
rhetorical democracy
rights led democracy
advocacy based democracy
Assessment exit quiz
6 Questions
Q1.Which person, within government, plays a key role in managing the country's finance?
Which person, within government, plays a key role in managing the country's finance?
the Chancellor of the Economy
the Council of the Economy
the Head of the Bank of England
Q2.The tax introduced in 2018, aimed at products with high sugar content, was known as what?
The tax introduced in 2018, aimed at products with high sugar content, was known as what?
Q3.Match each statement to the correct idea about the Government and the economy.
Match each statement to the correct idea about the Government and the economy.
Q4.Which Government introduced the Levelling Up policy?
Which Government introduced the Levelling Up policy?
Q5.The Covid-19 pandemic led to what?
The Covid-19 pandemic led to what?
an economic boom
a period of economic stability
economic growth
Q6.When the Government have to make large spending cuts to tackle economic concerns, this is known as what?
When the Government have to make large spending cuts to tackle economic concerns, this is known as what?
auscultation
astuteness
dexterity
