So far during this election campaign, while older people have been offered bigger tax allowances in the form of the
Young people who are left to navigate the wild west of the rental market have faced a 9 per cent increase in rents in the last year alone. In London, renters have seen a 29 per cent increase in rents over the last three years. While increasing the supply of housing through planning reform will help to bring down prices, it does not necessarily deliver security of tenure. Political parties also need to: strengthen renters’ rights; remove landlord tax incentives; and better protect leaseholders from extortionate feeding off ground rents and service charges.Young people also face very high tax rates.
Political parties need to roll back the many unfairnesses imposed on students: the tripling of tuition fees; reneging on increasing the repayment threshold in line with inflation; or reducing the 9 per cent repayment rate. Today’s students face the worst of all worlds: 7.7 per cent interest rates; a reduced threshold of repayment; and now another decade of student loan repayments. New graduates will lose 9 per cent of income more than £25,000 every year until they are 61 years of age.