Paying for It Thu, 26 Nov 2015 11:50:18 +0000 en-US hourly 1 Find out more Wed, 06 Mar 2013 10:31:00 +0000 Chance to be Chancellor is the culmination of Paying for It, an educational programme that develops economic awareness amongst young people.

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DOWNLOAD POSTER Wed, 06 Mar 2013 10:12:49 +0000 Youth Budget Poster. Use in the classroom, promote in school, give out to young people or send to your Member of Parliament.

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DOWNLOAD FULL REPORT Wed, 06 Mar 2013 10:11:40 +0000 Download the full results including all submitted ideas for Budget 2013 policies

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SPREAD THE WORD Wed, 06 Mar 2013 10:07:18 +0000 Help us promote young peoples opinions by sharing the Youth Budget 2013.

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Entrants argued their policy choices to win Chance to be Chancellor. Five videos were shortlisted and a popular online vote began.

View runners up videos 

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Ideas Wed, 06 Mar 2013 09:53:26 +0000 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)

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LEAST POPULAR POLICIES Wed, 06 Mar 2013 09:49:19 +0000 180: Introduce ‘owner-employee’ employment contract

156: Scrap 10% cut to Council Tax Benefit

94: Reverse previous increase in Air Passenger Duty

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MOST POPULAR POLICIES Wed, 06 Mar 2013 09:41:25 +0000 VOTES  

755: Introduce 1% ‘unhealthy food tax’

519: Increase National Insurance by 1%

436: Invest in adult apprenticeships

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Competition Results Thu, 28 Feb 2013 09:43:06 +0000 Chance to be Chancellor was a competition that ran between 2007 and 2013. Participants were invited to enter a national competition by creating a short video arguing their Budget choices. The competition is sadly no longer running, however the most recent winners and runners up can be viewed below.

2013 Results:

72 entries were received, 5 videos short listed by our judges James Read-Tannock from Arnold Hill School and Technology College received 134 votes to win this years competition.


James Read-Tannock – Arnold Hill School and Technology College


Runners Up:

Agatha-Christie Onwuzuruike – Sacred Heart Roman Catholic Secondary School

Jake Pitt – Blue School Wells

Ben Seed – RGS Guildford

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Competition vote Mon, 18 Feb 2013 10:01:19 +0000 The five videos below have been short-listed by a judging panel and now it’s time for you to decide this year’s winner! You can only vote once. Voting is open until 1 March 2013 and the winner will be announced shortly after.

Register to vote

Please register below or login to vote.

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How will you be Paying for It? Thu, 13 Sep 2012 13:16:02 +0000 You can earn up to £10,600 before paying any Income Tax. Then it’s 20% on £10,600 to £31,786, 40% on £31,786- £150,000 and 50% on £150,000+.

Please note that the Tax Slider below is correct as of 2012.

Salary 22000

Tax 2200


How your tax is spent



Welfare provides help to people in need or at risk of hardship including benefits for the unemployed and pensions for those who have retired



Health pays for the running of hospitals and doctors' surgeries as well as medical research, drugs and public health campaigns.



Education spending goes on the running schools, paying teachers’ salaries and providing further education and training for 16-19 year olds.



Employment supports UK businesses with investment, the promotion of UK goods abroad and the attracting foreign investment into the country.


Public protection

Public protection covers the prevention, detection and reduction of crime and includes the police service, courts and prisons.



Environment funds environmental protection and sustainable development and support for farming and fisheries.

*Guardian comparison table
You can find out what the average salaries for various professions are using The Guardian’s useful comparison table.

Why not find out what friends think by sharing ‘How will you be Paying for It’ on Facebook.

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What you can do Tue, 06 Mar 2012 09:51:37 +0000 People of all ages have a valuable contribution to make to the public debate on the economy and have the right to have their voices heard. Whilst 14-18 year olds cannot vote you are the next generation of voters and will ultimately ‘pay’ for economic decisions made today.

We want the Youth Budget to become an important channel to express informed views on the economic issues that affect us all. You can help us achieve this by:

  • Writing to your MP ( about the Youth Budget 2012
  • Promoting the Youth Budget 2012 online and in print
  • Encouraging people, friends and students to get involved next year
  • Getting in touch with the Citizenship Foundation with any opportunities to talk publicly Youth Budget 2012
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Winner & runners up 2012 Tue, 06 Mar 2012 09:46:19 +0000 Winner 2011You can watch the winning case from 2012 along with the runners up entries below.

Chance to be Chancellor 2012 Winner: 
Isaac Warburton, Ken Stimpson Community School

A selection of short listed runners up:

Gabrielle Ohlsen, Colyton Grammar School
This is my entry to the Chance to be Chancellor. I had tons of fun making this and hope you enjoy it :)

George Whittingham, Ringwood School
Ringwood School BBC Question Time.

Ryan Barnes, Birchwood Community High School
Here’s a video presentation of my application for the Chance to be Chancellor.

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The Report 2012 Tue, 06 Mar 2012 09:04:14 +0000

Please use the comments box below to share your views and opinions on the results of the Report (You'll need to be logged in to have your say).

Youth Budget 2012 Event
We officially launched the Youth Budget 2012 at the HM Treasury on the 14th March 2012. Check out the photos from the event below.

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