£10k to 25 year old's for business, training or housing

mike_field

mike_field

Vital Football Legend
Been following this with interest today. Thoughts anyway.

Youngsters like it, oldies hate it - nobody seems to be looking at work market/council homes being the first step etc etc but finally somebody has said the problem with housing is we're not building any.
 
I know I wouldn't have used it for a deposit or to start a business

If this comes to fruition then they should be made to prove where they have spent the money
 
Many good arguments for both sides.

The more mature could argue we've paid enough in taxes already, so why should we have to pay more?

The younger could argue that it's the older generations that have screwed it up for them.

Hard to see a good middle ground.
 
The point was made about 'setting up a business' and then drawing 10K in salary in 6 months so that would certainly need checking. Then again spiralling business rates for even semi decent property fronts, most places you'd have 4k spare if used for business purposes.

Training hmmm again would need to be shown and that it wasn't liquid training. To get on the property ladder, how many would use the 10k to overstep and then end up in trouble 6 months down the line because they see it as a right to own?

Thought it was an interesting one given the perseverance with 'state income' ideas to offset shrinking workforce/automation etc.

Totally left field would be sort the benefits system properly and reduce the wastage rather than punishing the poor.
 
How about making 3rd level education free and give grants to the lads who are too poor to afford the food and accommodation?

Also, ban zero-hour contracts, internships and all that working for free crap.

Then tax the arse off second homes and investment properties.

You are welcome.
 
Some good points there. In particular, Investment Properties have always been a huge problem. I've been saying they make property unaffordable to first time buyers since the 90s. At last, I'm right. :bounce::bounce::bounce:.

It's a bit too late to do something severe. Taxing them more will just put rents up, which once again disadvantages the poor. You'd have to bring in rent control at the same time, I think.

Still, better to try than what has happened here. It just shows that regulation is needed in any industry.
 
Self regulation is a hypocrisy. Even with the best will in the world - as demonstrated by the regularly changing name of the Financial Ombudsman, working there in any power position definitely, are you really going to piss off what are basically your future potential employers - whilst they have oversight of the very regulator supposed to oversee them?
 
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