What do young people think should go into Budget 2013?
What should go into Budget 2013? Chance to be Chancellor asked this question to all 14-18 year’s across the UK.
Between Nov 2012 and Feb 2013 1,400 responded and Youth Budget is the result.
Overall Youth Budget 2013 would increase taxes more than the Government to dramatically cut the deficit. Spending was roughly the same with investment in education and employment a priority, along with reforming the NHS and efficiency savings from defence.
Taxation
Spending
Taxation – Spending = Deficit
Deficit
MOST POPULAR POLICIES
VOTES
755: Introduce 1% ‘unhealthy food tax’
519: Increase National Insurance by 1%
436: Invest in adult apprenticeships
LEAST POPULAR POLICIES
180: Introduce ‘owner-employee’ employment contract
156: Scrap 10% cut to Council Tax Benefit
94: Reverse previous increase in Air Passenger Duty
Ideas
Decrease the retirement age to 50 so more young people can get jobs. Increase pensions by 7% to make up for it.”
Olivia Watkins (14)
Close corporation tax loopholes to ensure the UK receives more taxes and that local companies are not undercut.”
Max McCreery (16)
Tax unhealthy foods more and use the revenue to subsidise healthier foods to promote health.”
Max Naudi (16)
COMPETITION WINNER
JAMES READ-TANNOCK
Entrants argued their policy choices to win Chance to be Chancellor. Five videos were shortlisted and a popular online vote began.
What next?
DOWNLOAD FULL REPORT
Download the full results including all submitted ideas for Budget 2013 policies.
DOWNLOAD POSTER
Download Youth Budget poster. Use in the classroom, promote in school, give out to young people or send to your Member of Parliament.
Find out more
he culmination of Paying for It, an educational programme that develops economic awareness amongst young people.
