The budget presented by the Chancellor on 15 March gives little reassurance to young people that the government understands their struggles. Instead of addressing issues such as housing, low pay, crumbling public services and a looming ecological breakdown, the major announcements concerned tax reliefs for wealthier and older people and for corporations. Alec Haglund, IF… Read more »
Category: Economics
We need a budget that is fair for all generations
As the Chancellor prepares to announce the budget, many young people fear yet another budget that overlooks the many problems society is facing. Housing, climate, low pay, student loans, and the cost-of-living crisis are issues that should be top priorities for a government that is serious about solving problems. Alec Haglund, IF Researcher, discusses policies… Read more »
A Call for a “Common Personal Income Tax”
The unprecedented affluence of millions of older people is in stark contrast with a stagnant economy and a society in which millions of younger people cannot afford the basics of independent living. Change is long overdue and needs to start with the UK tax system, writes Carl Groves, former Further Education College Principal, and IF… Read more »
Intergenerational Fairness and the Autumn Statement 2022
Carl M Groves, former College Principal, and IF supporter, calls on the new government to better protect the interests of younger and future generations in the 2022 Autumn Statement. Growth, tax and spending Whatever else the UK Conservative Government and Labour Opposition may disagree upon they are both very committed to achieving economic growth and… Read more »
Why we’re supporting the Stop the Squeeze campaign
As the UK is facing a massive cost-of-living crisis, high inflation and falling real wages, the Intergenerational Foundation is supporting the Stop the Squeeze campaign. Alec Haglund, IF Researcher, sets out the argument for why the government ought to implement the policies advocated by the Stop the Squeeze campaign in order to avoid the largest… Read more »
The distribution of money matters
Alec Haglund, IF Researcher, discusses why the distribution of money is important and why ever-increasing wealth inequality is a serious challenge that must be dealt with to ensure a fair society for future generations. Falling bond values Following the announcement of the disastrous mini-budget, which understandably sent markets into turmoil, the Bank of England saw… Read more »
How the mortgage rate rise disproportionately affects the young
With interest rates recently pushed to their highest level for well over a decade, Lukas Winterburn, IF volunteer, looks at the consequences through the lens of intergenerational housing justice, for mortgage payers and tenants. Bad news on interest rates Whilst homeownership levels have dipped from their peak in 2002 of 72% to plateauing to 65.2%… Read more »
2022: the year young people were seriously impoverished
Friday 23 September 2022, a day that will live in infamy, was the culmination of changes which will impoverish younger people, argues Angus Hanton, IF Co-founder. Interest rates up Most strikingly, interest rates shot up which squeezed borrowers and will be particularly difficult for younger people with mortgages. Younger people will often have taken on debts which were for… Read more »
A budget for the wealthy, to the detriment of everyone else
A week on, Alec Haglund, IF Researcher, argues that the government’s 23rd September budget and the turmoil that has followed its announcement will lead to disastrous consequences for the economy as a whole, and hurt low- and middle-income workers and the prospects of the young the most. The direction the new government wants to take… Read more »
Net Zero: are we unfairly “discounting” the future?
Bill Anderson-Samways is a former researcher at the Social Market Foundation. He recently co-authored a report on how to pay for the transition to Net Zero, On Borrowed Time, with John Hobby, a researcher at the Intergenerational Foundation. In this blog, he argues that the UK’s high discount rate pushes the costs of Net Zero… Read more »