Young people are facing real challenges across housing, education and access to economic opportunity. The Conservative Party have unveiled a fully-funded New Deal for Young People.
If elected, we will:
- Scrap real interest rates on Plan 2 student loans so balances can no longer rise faster than inflation, saving graduates tens of thousands of pounds over the course of their careers
- Create 100,000 more apprenticeships for 18 to 21 year olds by lifting funding caps and supporting employers with up to £5,000 for every British apprentice they hire
- Introduce a £5,000 First Job Bonus, allowing young people to keep the first £5,000 of National Insurance they would have paid by placing it into a savings account for a first home or future security, paid for by ending funding for wasteful university degrees that trap young people in debt without improving job prospects or career earnings
- Halve Employer National Insurance for those aged 21 to 24, backing young people and making it cheaper for businesses to recruit them to build a Stronger Economy
- Scrap Stamp Duty on primary residences, helping young people get on the property ladder
We are the only Party with a clear plan to deliver a brighter future for young people.