How does the Youth Budget compare to George Osborne’s?

We launched the Youth Budget at the Treasury a couple of weeks ago. Last week Chancellor George Osborne announced his own.

Youth Budget 2012The majority of the 1,100 Youth Budget participants were more severe than the government, and they would have produced a lower deficit.

How do the two budgets compare?

Tax and spend

Youth Budget responses to reducing corporation tax
Issue Same Less More
Tax 39 377 759
Spend 32 811 332
Deficit 26 890 259

Remove child tax credit from higher-rate tax-payers?

  • Government: Yes
  • Youth Budget: Yes
Youth Budget responses to removing child tax credit from higher-rate tax-payers
Yes No policy
56% 44%

Reduce corporation tax?

  • Government: Yes (reduce by 2 percent)
  • Youth Budget: Reduce by no more than 1 percent
Youth Budget responses to reducing corporation tax
Reduce by no more than 1 percent No policy
60% 40%

Introduce a Green Investment Bank?

  • Government: Yes
  • Youth Budget: No
Youth Budget responses to introducing a Green Investment Bank
Yes No policy
42% 58%

Increase bank levy?

  • Government: Yes
  • Youth Budget: No
Youth Budget responses to increasing the bank levy
Yes No policy
19% 81%

Cut fuel duty?

  • Government: No
  • Youth Budget: No
Youth Budget responses to increasing the bank levy
Yes No policy
13% 87%




Views expressed on this blog are not necessarily those of the Citizenship Foundation.

About Michael Grimes

Michael is responsible for our online communications. He joined the Citizenship Foundation in 1995 and, among other things, has overseen the development of our corporate website since its inception in 1998.

One thought on “How does the Youth Budget compare to George Osborne’s?

  1. The CEO of the Citizenship Foundation is nearly £2,000 a year worse off for the recent budget. The CEOs of the firms in the City just down the road from our offices will be hundreds of thousands better off… can we ask them about that next year please ;-)

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