In the quest to save money and reduce the deficit, every avenue is being explored for ideas.
The government has already sought input from experts, the public sector and the general public with the Spending Challenge
and now the Citizenship Foundation
is asking teens for their thoughts.
It is running the ‘Chance to be Chancellor’
competition to find innovative ways to raise money through taxes and save money through balancing the demands of public spending.
The contest is open to all 14-18-year-olds and asks what taxes they would levy, what their budget would be and where they would choose to spend the money they’ve raised. The economic decisions they make will form part of a Youth Budget for this year.
So if you have any budding chancellors at home, get them to make their case here
, you never know, it could even inspire the next generation of procurement professionals…