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7 March, 2011

We're gearing up for the first ever Youth Budget

On 31 March the UK Treasury will be presented with the first ever Youth Budget, which will contain views on the economy from hundreds of young people.

These young people are not yet old enough to vote, but they will inherit the impact of economic decisions made by politicians today. This will be an excellent opportunity for government to listen to their views.

More than 3,000 people aged 14 to 18 have been developing their own alternative Budgets through Chance to be Chancellor, which closed last week.

The winner of the competition will be crowned 'Youth Chancellor' and all participants will be included as contributers to the Youth Budget, which will be presented to HM Treasury on 31 March.

The occasion will be marked by a panel debate of MPs chaired by Sam Fleming, Economics editor of the Times. A  number of the participants, including the winner and runners-up in the competition, will quiz the panel on issues of the economy.

As well as giving young people a voice on the economy, we hope that the launch of this first Youth Budget will raise the profile of education for economic awareness and will encourage future participation in Chance to be Chancellor.


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