Student debt repayment interest rates are now 12% a year when the base rate is still less than 1%.
It is just the latest hit to the young, who are being whacked all the time by the deliberate policies of a political system that is almost designed to favour the elderly. Government proposals to disenfranchise millions of the young and poor in a cynical attempt to win re-election at any cost is just the latest sign of this.
But the young also face working longer than any previous generation, for far worse pensions, their chance of getting on the housing ladder is fast disappearing, while the old campaign successfully again and again to keep property wealth untaxed and to limit house building.
Taxes, on the working age population, will have to rise further in coming years as the baby boomers all retire and need more medical care. The latest increase in NI contributions is a deliberate move as pensioners don’t pay National insurance.
No political or economic system can survive if one group is paying more in all the time to help another group which holds all the untaxed wealth. While seeing their own prospects trashed.
Something has to give.
Luckily for them, OAPs voted for Brexit and have stopped the young living and working in 27 other countries.
Because, if they could, I am sure an awful lot of them would do just that.
Economics, trade and Brexit, not necessarily in that order but the dog always comes first.
I agree with all you say Jonty but I didn't vote for Brexit