Explain to students that the worksheet is split into and expenditure and income.
They should decide what percentage of their expenditure should go to each particular area.
They should write down their reasons for giving more to some areas and less to others, making clear why they feel some things deserve more money.
- 10% to the NHS
- 25% to Education
- 20% to Law and Order
- 5% to Defence
- 10% to Child Benefit
- 10% to Basic State Pension
- 20% to Benefits
Students decide which areas they would raise taxes in to get more money.
They should decide what percentage of their income should come from each particular area.
- 20% from the Income Tax of lower earners
- 25% from the Income Tax of higher earners
- 5% from Beer
- 5% from Wine
- 10% from Spirits
- 10% from Tobacco
- 15% from Petrol
- 5% from Value Added Tax
- 5% from Car Tax
Write down their reasons for taking more from some areas and less from others, making clear why they feel some things should be taxed more heavily.
3. Use pie-charts
You may wish to give the two blank pie-charts on the worksheet to students to colour and label with their monetary decisions for display purposes. Each sector represents 5% of the total budget.
Students can try their hand at making important monetary decisions online by following this link to