Young people in the UK have it tough

[JiIttiIg]

All the news stories are about young people not getting jobs and having to stay with their parents. It used to be they had to stay at home to save for a house, now it's no house and no jobs. Can't see things getting any better in the near future. Is the UK now a country that is failing it's young people. Is it going to be like countries from Eastern or Southern Europe where young people had to outmigrate in order to get a decent life? Can't see any politicians having the right answers.

Agree, there’s some fab kids around who are being raised the right way. But look at what the good ones are being exposed to. It’s hard not to be in the depths of despair the way this world is you going.
Psychopath kids are not going to end up in jail.Theres no room at the inn and then you got David Lammy who wants to take the soft touch approach of rehabilitation instead of proper punishment.

I think they do. When I was the age of our oldest grandchildren you could leave a job you disliked on a Friday and walk into a new one on Monday. You were likely to start married life (very few couples lived together) in a council house. This was in a time of economic instability with inflation in double figures and 33% basic rate income tax.

It’s far harder for kids now.

Yes, but this government has made it so much worse by sending out the wrong signals ie that they will keep taxing and spending on welfare.

They have proved that they will not get to grips with welfare spending and will not reduce taxes so everyone who can is running for the hills and who can blame them. I would if I could but I am in my 60s and retired.

A lot of wealthy people create companies which pay CT.

They are leaving and taking their companies with them because Labour has proved that it will not get to grips with welfare spending and will keep on taxing and taxing.

Would have thought the UK haters would quite like that 😂

Well said. Also, was the UK the only place in the world to experience lockdown? I think not.

This. Jesus the 90s and 2000s were an absolute golden age.

Yes, until the early 80s, most young people left school at 16. And got jobs. That's the point - jobs were available, even for the unskilled. Whatever job your mother was doing at 14, there is a high chance it no longer exists - and even if it does, the minimum age is probably 18 and she would be competing with hundreds of others for it.

Unless when sky high interest rates hit, you couldn't pay your mortgage and you had negative equity and had to sell cheaply.

Yes, I am sure that a lot of the people leaving here will be going to Scandi countries, so we need to attract them back, but Labour won't because it hates rich people ( unless of course they are in the top echelons of the Labour party)

As pp said CT isn’t just for large corporations it’s for start ups and people choosing to create something new here, or not.

Still not the situation that previous generations had it easy. Some people on here do seem to have been very privileged, though. Perhaps that skews the vision.

I wouldn’t go as far as that! Nobody was handing their keys back because they couldn’t pay their mortgage in the 70s or getting their house repossessed. I can never remember a time as bleak as this though.

Our government is actively discouraging people from recruiting young people. I’ve spoken to employers who’ve said they will never again recruit someone for their first job, despite having entry level roles, because of the cost and difficulty in getting rid of people it’s not work taking the gamble.

Say what you want about a Tory government, but under them I was able to find a grad job starting 3 months after I graduated, cover my own rent, buy a flat at 22 and buy our house at 29 (without having to sell the flat).

I’m not sure many can say the same under a Labour government. Although I will anecdotally observe that all the young people I know have managed to get jobs as soon as they’ve finished education, and in most cases without getting a degree (in career type jobs too, eg with an airline, as a TA, on a management pathway in a supermarket) in the past few years, but the jobs aren’t enough for them to be able to move out and sustain themselves.

when was that in the 90s or 2000s? I came out of the 2000s on a 0.5% rate 🤨

To be fair, they've had quite a lot of help to "not realise" that. A relentless media campaign on all fronts designed to detract from the real source of the problem- an ageing population- and to instead demonise the young and workless is going to do that.

Early 90’s … many people had negative equity.

It’s not for people though, ever.

the very rich CEO of Google doesn’t live in Ireland, for example.

so low CT might attract headquarters, but it doesn’t attract the wealthy individuals the post was originally about (the wealthy fleeing UK due to tax)

I don't think it's the benefits bill for the lazy.lots on UC are working, most of the benefits are pensions. I just don't know what anyone can do. We can save for the kids' house deposit but unless you have a business or are an elite, I can't job create for my kids.

https://www.mortgagestrategy.co.uk/analysis/the-repossession-crisis-then-and-now/

I left school at 17 (neglectful upbringing and I was allowed to make stupid decisions for myself) and I was able to enter work in an admin role. I managed to work my way up from there to a £40,000 a year PA job. That was 15 years ago, a decent salary for someone with only GCSEs. I don’t think this would be possible now. I know for sure that the companies I worked for (Pru, M&G etc) now require degree level quals for entry level work!

My mortgage rate in 1990 was 17.5%

Surely it's of their own making though?

For decades we have voted in parties that allowed mass immigration that has both undermined pay and taken available housing stock. No good them complaining when the young are more likely to support mass uncontrolled immigration than the older generation (just look at how the young support The Green Party and their uncontrolled immigration policy).

When I was in recruitment low level jobs paid £30k but we had 70% applications from people in Italy, Portugal, Spain, Poland offering to do those jobs for £16-18k. Thus massivekly depressing wages here whilst also taking up accommodation.

The young predominantly support such uncontrolled immigration and then whinge when there is a price to pay for it through depressed wages and shortage of housing. It's all completely predictable but they cannot see it.

it was easy to buy, a worker could expect to be able to buy a property almost anywhere in the uk.

the BOE interest rate was circa 12% in of work easier in 90/91, by 92 it was 6% where it stayed for the rest of the decade. So there might’ve been a high rate for 10% of the 20 golden years 🤨

It's almost as if they can see immigration isn't the real problem, isn't it? 🤔