National Insurance: young people and lower earners hit the hardest

Yesterday, MPs voted to approve raising employees’ National Insurance Contributions (NICs) by 1.25 percentage points, breaking a key manifesto promise not to raise taxes. While the government marketed the rise as “progressive”, in reality it is an intergenerationally unfair tax reform which will affect younger generations the most. Lizzie Simpson, IF Researcher, explains. A regressive… Read more »

Freedom and injustice in the time of coronavirus

Last week, the majority of COVID-19 restrictions in England were removed, marking the biggest return to “normality” that we have seen since the beginning of the pandemic. However, this does not mean the end of restrictions for everybody, as IF Researcher, Lizzie Simpson, discusses how the new settlement affects younger people differently, and how this… Read more »

New 95% mortgage policy will make homeownership even more unaffordable

The announcement of the 95% mortgage in this week’s budget may have initially sounded like good news for those in “generation rent” who have struggled for years to get onto the housing ladder. However, Lizzie Simpson, IF Researcher, explains why this policy is likely to make homeownership increasingly unachievable for young people in the longer… Read more »

Young people hit hardest by rising unemployment

As we approach the milestone landmark of a year since the first UK lockdown began, newly released data from the Office for National Statistics (ONS) reveal just how damaging this past year has been for young people’s employment prospects. Lizzie Simpson, IF Researcher, explains

Economic impact of COVID-19 continues to disadvantage younger people

Last week, the Office for National Statistics (ONS) published new data detailing the current state of the UK’s labour market and businesses. This has revealed not only the damaging impact that the COVID-19 pandemic is continuing to have on the UK’s economy as a whole, but also the disproportionally negative impact that it is having… Read more »