The fortnightly Up2d8 Maths resources explore a range of mathematical themes in a topical context. The resource is not intended to be a set of instructions but rather a framework which you can personalise to fit your classroom and your learners.
On 1 January 2010, VAT returned to 17.5% after being reduced to 15% on 1 December 2008. The Government cut the VAT rate to try to boost shopping in the recession. Now some retailers say that they will absorb the VAT increase rather than passing it on to consumers. This resource invites pupils to tackle the widely held misconception that an increase from 15% to 17.5% is the same as an extra 2.5p in the pound
Having been introduced to the situation of a rise in VAT back to 17.5% in January 2010, students are asked to comment on John’s explanation that this is 2.5p in the pound. They are then asked to consider who are the winners and losers in this situation. Does the Government generate a significant amount of income from this tax rise? Would this extra amount of tax deter consumers from buying a new Wii say?
This resource is not year group specific and so will need to be read through and possibly adapted before use. The way in which you choose to use the resource will enable your learners to access some of the Key Processes from the Key Stage 3 Programme of Study.
Download the Up2d8 Maths resource - in PowerPoint format.