This week HMRC have been into school and pupils have been discovering essential maths knowledge for the future: what tax is; who pays it; VAT; what tax pays for; the importance of the budget and the role of the Chancellor of the Exchequer.
Pupils then took on the role of the chancellor for themselves and had to decide what they would spend the budget on. Imagine having £537,000,000,000 to spend! There were some very interesting opinions and excellent discussion and justification on where the money should be spent for the best impact. Maybe we should send our ideas to Phillip Hammond!
Do you know that you don’t pay VAT on Jaffa Cakes even though many of us would class it as a biscuit? Ask your child to explain why!