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13 March, 2012

The Chancellor should cut benefits but spend more on the environment, say young people

In the week before Chancellor George Osborne presents his Budget, the Youth Budget will voice economic opinions of over 1,000 young people.

This is the second year that we have produced the Youth Budget, and there are marked changes since 2011. For example, in 2011 the majority wanted to cut spending on the environment whereas this year it wants to spend on it.

Contributors are keenly aware of the economic climate, with over half wanting to cut Jobseekers' Allowance by 10 percent.

In fact, 76 percent of contributors would reduce the deficit by more than the government.

Interestingly, this year the majority also wants to take child tax credits away from top rate tax-payers, directly in line with government policy. 

The contributors are  14-18 year-olds from across the UK, who took part in our Chance to be Chancellor challenge. 

They are not old enough to vote, but it is they who will be affected by economic decisions made by today's politicians. The Youth Budget is a chance to have their say.

Youth Budget 2012 is launched at the Treasury tomorrow. Some of the participants will quiz a panel of experts including James Morris MP, Secretary of Youth Affairs and Carl Emmerson, Deputy Director of the Institute for Fiscal Studies.

We shall be reporting live from the launch event

The Youth Budget will be available online soon after tomorrow's launch.

 

 

 

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