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Young Economist of the Year offers his austerity advice to the chancellor

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If Chancellor of the Exchequer George Osborne ever needs advice on the economy, Calum You could be the ideal person to give it.

If Chancellor of the Exchequer George Osborne ever needs advice on the economy, Calum You could be the ideal person to give it.

Calum, a year 13 student (pictured above), is the winner of the 2012 Young Economist of the Year award. 

The annual competition challenges 6th form students to write an essay on a major current problem or topic of concern.

Calum’s essay – entitled Lamentations of a Chancellor: Is there a better way out of the debt crisis than austerity? – was chosen from more than 750 entries. 

He argued that “growth through fiscal expansion will improve the country’s debt situation”, rather than “the vicious circle of cutting and shrinking we are currently in”.

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