Many young people are affected by the cost of living crisis. Learning how to manage their finances and understanding the economy allows young individuals to shape their financial futures. By participating in economic discussions, they can contribute to inclusive policies, sustainable growth, and reduced inequalities.
The Welsh Government proposes the budget for each area it is responsible for, as well as setting the rates for devolved taxes, which in turn impacts public policy decisions in Wales. The UK Parliament is responsible for wider UK economic policy. Local authorities are responsible for ensuring a thriving local economy, taking into account the wider UK/devolved policy environment. The Senedd’s Trade and Rural Affairs Committee holds the Welsh Government to account in specific areas including business, economic development, international trade, and skills.
Economy and finance affect many aspects of our daily lives, so examining what decisions governments are making on our behalf and how these issues affect you as you transition into adulthood is important. Talk about financial responsibilities and educate yourself by learning more about personal finance, national and international economics, and make choices based on what’s best for your future.
The first Member of the Welsh Youth Parliament representing Race Council Cymru. Angel made impactful contributions to call for Black and People of Colour’s histories to be part of Wales’s school curriculum.
