News Item: 14 January, 2013

Young people get the chance to be Chancellor

Chance to be Chancellor helps 14-18 year-olds prove they have what it takes to manage the country's finances and be the face of the Youth Budget 2013.

Chance to be Chancellor 2010 winner Jamie Ells
Chancellor George Osborne with James Ellis, winner of the Chance to be Chancellor competition in 2010

Young people aged 14 to 18 have until 15 February to put themselves in the shoes of the Chancellor of the Exchequer and create their own Budgets.

Important economic decisions made today will effect them in the future, even if they are too young to vote on them now.

How would they spend taxes? How would they choose what decisions to make? What issues are important to them?

Once they've created their Budget they can go a step further. They can submit it to our competition for a chance to win an iPad and to front this year's Youth Budget.

Everyone who takes part in Chance to be Chancellor will have their ideas published in the Youth Budget 2013, regardless of whether they enter their Budget into the competition. This gives them a unique voice on those important decisions.

'Chance to be Chancellor reflects and responds to the increasing appetite for financial education and improved economic literacy in schools,' said Deborah O'Malley, Community Affairs Manager at Aviva, the competition's sponsor.

The Youth Budget will be launched at HM Treasury in March. 

Stay tuned to the Chance to be Chancellor website for more about the programme, including free teaching resources.

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