People
Empower Young Workers
The generation being asked to fix the climate, fund the pensions and forget about housing. This changes that.
+£6–8k
per year for a typical young worker from day one
The measure
A set of changes designed to give the next generation a chance to thrive. National Insurance abolished, £25k personal allowance for Income Tax and a Housing Revolution to get them on the ladder.
Joel, the nurse in Chapter 6 of the book, moves back to Warrington from London. He is £650 a month better off. Rents are lower. The commute is manageable. He can afford to think about buying. He wants to be part of it.
These changes correct a structural skew that has been accumulating for thirty years, one that systematically advantages those who own assets over those who earn wages. Correcting it makes the most difference to young workers.
Expected impact
- Job creation benefits young people the most
- Young people can afford housing and start moving out earlier
- Improvements in mental health
- A more confident generation able to believe in what Britain has to offer
£25k
the new tax-free personal allowance
+£3.8k
from NI abolition alone on a £30k salary
5–15%
projected house price correction
1m
new jobs created