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 »
Category: Finance
Was the 2021 Budget good for younger generations?
The 2021 Budget is done and dusted. Liz Emerson, IF Co-founder, looks at the highs and lows for younger and future generations, using the lens of intergenerational fairness – on a Budget that the Chancellor called “honest” and “fair”
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
Homeownership denied: an intergenerational injustice
There is real concern that the younger generation will have a lower standard of living than their parents – which violates a key principle of intergenerational fairness. One issue at the centre of this concern is housing. IF supporter Rosie Neville sees it from her perspective and offers some solutions
Can’t stay? We’ll make you pay anyway
The private lettings market for students during the latest wave of COVID-19 is a case of flagrant exploitation, says second-year St Andrews student Rhiannon Woolford
Revealed: a new picture of young adults’ living standards
David Kingman looks at what an innovative new source of data can tell us about intergenerational differences in living standards
Ever upwards: at what age will Millennials retire?
The UK’s State Pension Age has been rising steadily over recent years in response to increasing longevity, and last week it finally reached the new milestone of 66 for both men and women. What will happen to the State Pension Age next? David Kingman explores what this could mean for the future
Government should lift the state pension “triple lock” next year, argues Treasury Select Committee
A new report from the House of Commons Treasury Select Committee has made a range of recommendations regarding how the government should address some of the economic challenges which the COVID-19 crisis has caused. One of its most eye-catching suggestions is that the “triple lock” on the State Pension should be lifted next year to… Read more »
The Pandemic: Testing Intergenerational Solidarity
The COVID-19 pandemic is putting intergenerational solidarity under severe strain, as young generations are bearing the brunt on behalf of older generations who are vulnerable – with few signs of reciprocal acknowledgement. But IF Research Intern Hugo Till sees a glimmer of hope amid the tensions