Pension and housing policy is war in the UK’s youth

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The writer is a conservative MP for Tonbridge

For centuries, this country has signed an unspoken social contract. Each generation said he would create a better future for the next. This deal has already been violated. This is why baby boomers, which benefited from one generation for decades decades, first stimulate the economy, but now he drowns it from the young man to the old man. In particular, two bad politics affected this trajectory. First, for two decades, a collection of adjustment changes, forced pension funds to cancel the investments in effective pension funds to local Brand companies and replace their investments in local Brand.

This decision has destroyed the main social contract in the work of pensions: the idea that the younger energy is older. Instead of fueling the mind and ideas, the wealth is directed through Gilts to the dead hand of the state. Today, 60 percent of the private sector are sitting in Gilts, a total of 1 percent of defense pension assets, Great Britain’s capital. This has drove into innovative companies such as long-term interior capital’s English facility, to deepen weapons holdings and external investment, and depths to make the wealth abroad.

Second, younger generations are a political set that has created a more harmful, artificially damaged cunt. Very few houses have been built in England for decades. Thank the tax system, the apartment has made a Facto Tax Free Retirement Foundation, which is a facto taxable and excludes a family. More than 56% of the UK’s total housing wealth has 60 years older, there is between 35 years of age dispersed only 6 percent. It has social and economic consequences as few as fewer people and children, and the owner of the child, which further impaired the long-term demographic recovery. The result? Over the past 30 years, more than 80 percent of the reality of per capita wealth came from real estate assessment, not financial investment that strengthens the economy.

Ondra has co-founder Michael Tory agreement This capital has created a period of weakening our misallocation, national and economic security. Without productive capital, we are completely foreign investment and imported labor, housing supply and public services. These distortions can be corrected only by reconstruction of national capital allocation of long-term national interest in the top of a narrow election calculation. This means that the investment in the development of long-term deposits and investments in the future of UK to hiring and growth and growth and growth. Along with the control of more houses and more strict migration control, it will host access to young generations.

Leaving the property as they gain only life capital, distorted the separation of the British capital. Special residential relief, which excludes the initial settlements of taxation and in the tax year in 2023-24, should no longer be the sacred place. Review of the PRR, including the possibility of wholesale necessary, including a lifetime capital, including British companies, eliminates the seal fee on shareholder operations, and increases the ISA contribution limit on shareholding operations. This will encourage British families to invest more than buildings.

Finally, the pension system requires fundamental reform. More sewerage of our nations can increase the industry’s industry, technology and entrepreneurs, which require our economy, and can create better long-term returns for retirees. Most of this will not be popular. The existing system serves many interests. However, if we want the economy to grow, we are no longer able to defend frozen assets; The future of the country is in line.