The First Step Towards a Brighter Future?
If you had asked me three months ago about the significance of June 27th 2007 I would have given you a look of confusion; but three months on and this date is growing ever nearer. It’s the date when our Prime Minister Mr Tony Blair steps down and the date when our country will enter a so called new phase.’
Gordon Brown recently outlined his priorities for when he becomes Prime Minister; top of his list Education and the NHS, but for the thousands of young people in rented accommodation, his third statement would have held precedence; tackle the problem of affordable housing by helping young couples to get on the property ladder.’
Increasingly young people are facing enormous financial strain, whilst University Graduates face an average of 13,000 of debt there is the added disappointment that getting on the property ladder seems close to unachievable.
As a University Graduate; I have seen first hand the problems facing young people today; it’s a double edged sword situation; whilst having a University Degree allows you to enter employment on a higher wage, very few young people can afford the initial deposit for today’s housing market and instead plough their earnings back into rented accommodation. Claire Jennings, 25 of Loughborough said: half my earnings go on paying the rent for my flat; I can’t imagine ever being able to afford my own house, particularly with the prices as they are.’
This rather dismal picture of today’s young adults offers some concern for the future. I find myself talking to people I know who didn’t go to university and left school at sixteen to begin work. For many they can afford to get on the property ladder whilst University Graduates struggle to begin saving for a deposit.
I spoke to Chris Tanner, 25 of Coalville, he said: I left school at 16 and haven’t looked back since, I’m a qualified electrician and bought my first house three years ago; I worry for my sister who is now at University.’
So when Gordon Brown spoke about affordable housing’ in his statement as the next Prime Minister it offered a sense of relief but also mild speculation, I was particularly speculative due to his past role as Chancellor. The recent interest rate hike certainly didn’t give me much faith that this man would be particularly forward thinking when it comes to affordability’.
Whatever his intention one thing is clear, Gordon Brown certainly has his work cut out; solving the problem of affordable housing for young people is just the start but in my opinion it will be a huge marker in reducing debt, crime and giving the next generation a positive outlook on life.