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New
New
Year 10

What role can I play in the future of the UK economy?

I can explain why the economy matters to me and what citizens can do to support the economy.

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New
New
Year 10

What role can I play in the future of the UK economy?

I can explain why the economy matters to me and what citizens can do to support the economy.

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Lesson details

Key learning points

  1. The economy influences employment opportunities, income levels, public services and living costs, affecting everyone.
  2. Citizens contribute to economic stability through responsible spending, taxation and skill development.
  3. Active citizens get involved in economic policy decisions, support local enterprises and practise financial management.
  4. Inflation diminishes the value of money, but prudent consumer behaviour helps maintain economic stability.
  5. Strategic investments in emerging sectors such as renewable energy encourage sustainable economic expansion and jobs.

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

  • Inflation - the rate at which the general level of prices for goods and services rises, causing the purchasing power of money to fall

Common misconception

The economy is entirely controlled by the UK Government and that individuals have little to no influence over it.

While the Government plays a significant role through policies, taxation and public spending, individual citizens also shape the economy through their financial decisions, employment and consumer behaviour.


To help you plan your year 10 citizenship lesson on: What role can I play in the future of the UK economy?, download all teaching resources for free and adapt to suit your pupils' needs...

It would be useful to find out the current inflation rate before this lesson in order to provide up-to-date information about inflation. As an extension task, you could ask pupils to complete a campaign to lobby MPs about the inflation rate or rising prices.
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Content guidance

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Supervision

Adult supervision recommended

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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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6 Questions

Q1.
What does high national debt not lead to?
Correct answer: lower interest rates
increased taxes
rising costs for essentials
Q2.
Why is careful management of national debt needed?
to increase the amount of debt
Correct answer: to ensure economic stability
to increase taxes for citizens
Q3.
Match the word to the correct definition.
Correct Answer:national debt,amount of money owed by the Government that affects the economy
tick

amount of money owed by the Government that affects the economy

Correct Answer:borrower,a person, business or government that takes money from a lender
tick

a person, business or government that takes money from a lender

Correct Answer:risk,the chance of something going wrong
tick

the chance of something going wrong

Q4.
Complete the sentence: The UK Government borrows to manage national debt by raising and adjusting public spending.
Correct Answer: taxes
Q5.
What supports public spending, infrastructure and economic stability during crises?
public health planning
increasing taxes
Correct answer: borrowing
Q6.
Complete the sentence: If debt is too high, __________ measures may be used, meaning cuts to services like education and healthcare.
Correct answer: austerity
financial
cautionary

6 Questions

Q1.
What action taken by citizens does not contribute to economic stability?
Correct answer: ignoring financial decisions
responsible spending
skill development
Q2.
Match the word to the correct definition.
Correct Answer:economy,state of a country/region in terms of consumption and supply of money
tick

state of a country/region in terms of consumption and supply of money

Correct Answer:Income Tax,tax on earnings collected by Government to fund public services
tick

tax on earnings collected by Government to fund public services

Correct Answer:borrowing,receiving money from a lender with the agreement to repay it later
tick

receiving money from a lender with the agreement to repay it later

Q3.
The economy influences employment opportunities, levels, public services and living costs, affecting everyone.
Correct Answer: income
Q4.
What effect does inflation have on money?
It increases the value of money.
Correct answer: It diminishes the value of money.
It has no effect on the value of money.
Q5.
Which word would complete this sentence? Strategic __________ in emerging sectors like renewable energy can encourage economic expansion.
contributions
taxation
Correct answer: investments
Q6.
What helps maintain economic stability despite inflation?
Correct answer: careful consumer behaviour
excessive/unethical spending
ignoring financial management