The Youth Budget is a part of the Citizenship Foundation’s Paying for It programme run in partnership with Aviva and represents the youth voice on Budget 2011. The results of the Youth Budget were drawn from a sample of 1,363 young people who took part in this year’s Chance to be Chancellor.

The winner of this year’s Chance to be Chancellor, Priyesh Patel aged 15 won the title of ‘Youth Chancellor’ and presented a copy of the Youth Budget it to HM Treasury Permanent Secretary Sir Nicolas Macpherson.

The event also included a lively discussion on the results of the Youth Budget with an audience of young people and a distinguished panel including Sam Fleming, Economics Editor of The Times, Justine Greening MP – Economic Secretary, Andy Love MP, James Morris MP and the British Youth Council’s Tim Coates.

Some of the key findings from the Youth Budget include:

• 84% of young people would reduce public spending with the majority opting for £35bn (5%) of reductions – 60% lower than the Coalition Government’s proposed £81bn savings in the Spending Review.

• 80% preferred to reform unemployment benefits and cut welfare.

• 69% opted to protect education from substantial reductions with 28% opting to increase spending by £9bn (10%) – the most popular choice for investment across the eight key areas of Government spending.

You can read the full report here.