It’s not ‘pensioner-bashing’ to point out the young have it tough, writes James Hanson
By James Hanson
On my LBC show yesterday, we discussed the affordability crisis facing many young people in the UK today.
It was provoked by the Chancellor describing the student loans system as “fair and reasonable”. Rachel Reeves also claimed the decision to freeze the repayment threshold was necessary to “bring down NHS waiting lists” - essentially admitting that crippling interest payments are being used by the treasury as a form of taxation.
It’s pretty clear that student finance is just one of the many ways the deck has been stacked against those of us in our 20s and 30s. Sky-high rents and unaffordable prices mean most young people are locked out of the housing market. Graduate unemployment is rising, a record number of young people aren’t in education, employment or training, and many are now voting with their feet and leaving the country altogether, in search of new opportunities in places like Dubai.
To make........
