Behind the chancellor’s budget emphasis on encourage for young people,there is little to reduce the financial burden they will faceMore than once in his budget speech, George Osborne said he was putting “the next generation first”. What was good for the younger generation was good for the nation, or he said,possibly thinking of his own teenage children. And it’s not the first time he has made his sympathies known. One of the coalition’s flagship policies was the mortgage subsidy encourage to Buy, which supported first-time buyers getting on the housing ladder.
He is no doubt honest in his view that younger people are getting a raw deal and need a helping hand. The question is whether his tenure as chancellor, or more particularly this latest budget,has done anything to further the cause of intergenerational equality.
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Source: theguardian.com