This week, pupils took part in a lesson exploring the role of tax and why it is important in everyday life. Through discussions, children learned how taxes help fund essential services such as schools, hospitals, and roads. Pupils shared their ideas, asked thoughtful questions, and worked together to develop their understanding of how everyone contributes to society. We worked with our partners to create a simple, child-friendly flowchart showing how taxes work. 

Today, the children learned about budgeting and the importance of managing money wisely during Christmas time. They explored how people could overspend during Christmas and discussed ways to avoid this, such as planning ahead, comparing prices, and distinguishing between wants and needs. The children looked at making responsible financial choices and staying within a set budget, even during the festive season.

Today, we learnt what profit and loss is. We compared supermarket prices for our refreshments that the finance group are going to see at the EYFS and KS1 Nativity Performances.  We found a total cost and agreed as a group how much we will sell the refreshments for. After this, we then calculated  how much profit we would make.