Tories vow to give young people £5,000 towards first home – but only if they get a job
Tories promises to give young people to £ 5,000 for the cost of their first homes – but if they only find a job.
Mel Stide, Shadow Chancellor, explains the ‘reward’ plan in his speech to the party conference.
Under offers, The ‘First Business Bonus’ will direct national insurance payments to a long -term savings account.
Conservatives say that the arrangement can be worth £ 10,000 for a working couple. 600,000 people per year provide potentially benefit.
Money can be used to purchase a property at any time or withdraw after at least five years.
The cost of £ 2.8 billion will be financed by cutting other expenditures, including prohibiting prosperity of hundreds of thousands of foreigners and ending the benefits of the disease for some mental health conditions.
Shadow Chancellor Mel Stide introduces the ‘reward’ plan in his speech to the party Conference.
Sir Mel warns a worrying number of young people directly from education to long -term patient benefits.
In his speech, he will say: ‘When we present the urgent change to stop the young people from going directly to the benefits of school, we will use these reforms to finance laser -oriented tax cuts for young people.
‘Help people buy a house, establish a family, save the future. This is a conservative dream. A dream that builds my life. So I’m standing in front of you today, and I’m going to fight every day to ensure that this dream is bright for young people and future generations.
‘Opportunity, aspiration, optimism. We are the Hope Party. We are the party of the future. ‘
