On March 23, Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement to Parliament, announcing a number of measures intended to alleviate the cost of living crisis. However, IF Co-Founder, Angus Hanton, argues that this package, combined with the government’s longstanding economic and fiscal policies, will do very little to solve the cost of… Read more »
Category: Employment
Two years of COVID-19: the pandemic, young people and what next?
Almost two years have passed since COVID-19 was declared a public health emergency by the WHO. IF’s digital campaigns officer Liam Hill analyses how the pandemic, the lockdowns and other restrictions have affected young people in the UK, and asks what can be done to address the issues they face. Two years of turmoil It… Read more »
Rise in National Living Wage not enough to help younger people
The government announced a rise in the National Living Wage this week, presenting it as a win for lower-paid working people. Lizzie Simpson, IF Researcher, discusses the details of this rise in the context of inflation and rising costs of living, and questions the merit of the UK’s age-based minimum wage system. Changes to the… Read more »
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 »
Overqualified and underemployed: a sombre snapshot of the labour market for young people
Graduates are leaving university with scant prospects, feeling let down by policy-makers and waking up to the generational divide. Carlotta Hartmann, IF Intern, investigates the labour market pressures facing young Brits today Graduates feeling let down Young people across OECD countries have been disproportionately affected by the economic impacts of the COVID-19 pandemic. According to… Read more »
National insurance, intergenerational fairness and paying for social care
Robert Ashton looks at how National Insurance could be changed for the better, raising more money to pay for social care without penalising younger generations, many of whom are already paying a greater part of their incomes than previous generations on high rents and student loan repayments. How can we make National Insurance work better… 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 »
Intergenerational fairness: an economic approach
Matthew Oulton, Secretary of the UK’s Young Fabians Economy and Finance Network, economics student and young Labour activist from the Wirral, joins IF’s Worldwide Blog Week to discuss, from a left perspective, how to achieve intergenerational fairness post COVID-19 After a year of locking up the young largely to save the old, it’s hard to… Read more »
How inflation could blow up the younger generation
Commodity prices have already gone up sharply around the world and many other prices seem to be headed north. To fight COVID-19 the government has printed huge quantities of new money and many economists are predicting the result will be a sharp rise in inflation. Angus Hanton, IF Co-founder, asks what this would mean for the old and the… 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