Transcript The UK Economy

The UK Economy
3.1.2- Economy and Welfare Systems
Starter… Un-jumble
•
•
•
•
•
•
•
XAT
TINDERIC
DTICRE
EESICX
CNOORIPTOAR
RDOA
TAV
CAN YOU DEFINE THEM TOO?
The National Economy
• Define:
………………………………………………………………………….
The Government
• Chancellor of the Exchequer:
………………………………………………………………………….
• Bank of England:
………………………………………………………………………….
Inflation and Deflation
• A lot of money circulating in the economy can
cause prices to rise sharply. A continuing rise
is called ____________.
• With money low, prices drop, borrowing
decreases and the economy suffers, this is
called _____________.
Taxes…
• Government raises money through taxes- they
pay for public services
• Public Accounts Commission keeps a careful
watch on public spending.
Direct and Indirect- put the
information in the right boxes
• Direct
• Indirect
Income tax, Capital Gains tax
Corporation Tax, VAT, Inheritance tax,,
road tax, National Insurance
What do taxes pay for?
•
•
•
•
•
Special taxes?
• Do they prevent? Reduce?
Public and Private
• Public
• Private
5 Social Evils…
1.
2.
3.
4.
5.
5 Evils…
•
•
•
•
•
Squalor
Ignorance
Want
Idleness
Disease
Filth
Lack of knowledge
Poverty
Lack of work
Sickness
Employee and Employers
• There are many laws that aim to protect the
rights and responsibilities of both employees
and employers.
Employers and Employees
• What employees want:
• What employers want:
Trade Unions:
• The first trade unions were set up in the 18th
Century to help workers negotiate pay. Today
Unions also act to represent their members in
many different aspects of work such as
claiming their legal rights.
• Can you name any trade unions?
• Do workers need protection from a union?
What can a trade union do for you?
• Choose the correct answers from the list below:
• Negotiate on your behalf to improve the pay and
conditions of workers in an industry or business.
• Liaise with the management of a business on your
behalf if you feel you have been unfairly treated.
• Prevent you from getting the sack.
• Stop an employer from shortening your lunch time.
• Arrange industrial action such as a sit in, boycott or
strike if they cannot negotiate a settlement.
Minimum Wage:
• In April 1999, a minimum wage was put in place in
the UK. Since then it has been raised several times.
There are different minimum wages for people at
different ages: no minimum for people aged under
17, a lower rate for those 18 to 21 and a higher rate
for those over 22.
• Should young workers get the same pay as older
workers?
• Which new piece of legislation might make this
inevitable?
What should it be?
• 16-17 yr olds?
• 18-21 yr olds?
• 22- over?
Minimum Wage…
• 16-17 year olds £3.57-£3.64
• 18-20 year olds £4.83-£4.92
• 21 and over £5.80-£5.93
Dismissal:
• Before 1971, employers could sack anyone
from a job whenever they wanted to….They
only had to give notice. Today people have
many more rights where their status is
concerned.
Which five of the following do you
think are real grounds for dismissal?
• Employee misconduct (theft, fighting or persistent lateness)
• Employee is unable to get on with other workmates
• Family emergencies – a person takes a reasonable amount of
time off to deal with an emergency.
• Incapability, the employee cannot or does not do the job to
the required standard.
• Redundancy – the job no longer exists.
• If the employer has found someone better for the post.
• Being pregnant
• So as not to break the law eg: a van driver who has lost her
licence for a drink driving offence.
• Being a member of a trade union
• Any good reason.
WHO WANTS TO BE AN A GRADE
STUDENT?
Sample examination question…
• Practice question:
“All people doing the same job should be paid the
same”
Do you agree? Explain your answer and show that you
have thought about different points of view. (12)
I agree / disagree / partly agree because ……. (1-4)
Some people would disagree because …….
(5-8)
Other people might agree because ……..
(9-12)