US EditionConservatives pledge £5,000 tax rebate for young home buyers
The Conservative Party plans a £5,000 national insurance rebate to help 600,000 young people yearly buy their first home, funded by £47 billion in government spending cuts.
- At the Conservative conference in Manchester on Monday, October 6, 2025, Mel Stride announced a proposal to provide young people with a £5,000 national insurance rebate to support the purchase of their first home.
- This initiative follows concerns about young people unable to access home ownership and aims to demonstrate the Conservatives’ commitment to economic responsibility after criticism over the 2022 mini budget.
- Under the proposal, national insurance payments from a first full-time job would go into a savings account, benefiting approximately 600,000 people each year and costing £2.8 billion, which the party pledged to fund through significant welfare and public spending cuts.
- Sir Mel stated reforms would 'reward work' and promised, 'We will only do so when it is affordable,' while Labour and several critics questioned the feasibility and funding of the plan.
- If implemented, the policy could support first-time buyers, but its reliance on welfare cuts and exclusion of non-citizens sparked debate about its broader social and economic implications.
15 Articles
15 Articles
Tories want to give first-time buyers £5k - it won't touch the sides
This is Home Front with Vicky Spratt, a subscriber-only newsletter from The i Paper. If you’d like to get this direct to your inbox, every single week, you can sign up here. Good afternoon and welcome to this week’s Home Front. There’s rather a lot going on, isn’t there? First, let’s turn our attention to Manchester, where the Conservatives are holding their annual conference. Major doubts about Kemi Badenoch’s abilities as a leader and Reform’s…
Mel Stride’s tax rebate for the young is a wealth transfer to pensioners
“Shadow chancellor Mel Stride has pledged to give young people a £5,000 tax rebate towards their first home when they get their first full-time job.” Sounds good, doesn’t it? Particularly for those of us who are (just about) employed. Who wouldn’t want free money? As one friend put it: “Well, that’s £5,000 more than I had before.” Another added, half-joking, half-desperate: “I’d vote for anyone if they’d just give me a house.” The sum doubles fo…
David Willetts: A first job and help towards buying a home might make the Conservatives less at sea in the polls
David Willetts is President of the Resolution Foundation and is a member of the House of Lords. A report from the Conservative Conference: first the bad news and then some news that is just a bit better. The bad news comes from Sir John Curtice, our leading psephologist. He spoke at a fringe event and gave a bleak account of the state of the Conservatives in the polls. Conservatives lost our reputation for competence above all because of Partyga…
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Mortgage StrategyConservatives vow to hand £5,000 tax rebate to FTBs
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