Today’s news on the government apart from Brexit.
1. Our grandchildren and children born since 1981 are financially the WORST IN THE DEVELOPED WORLD, except Greece.
Why -
a) pay squeeze - millennials earn 13% less than born at 1970 did as the same stage of life.
The pay squeeze of the young is twice as hard as those 50 and above.
b) home ownership has tumbled. It is half the rate of boomers at the same age.
c) on the plus side, unemployment is low amongst the young, but due to a rise in atypical working, such as zero hours contracts and self employment.
d) job mobility has fallen significantly.
2. Ben Bradley has been caught lying as he gets caught up in the excitement of the latest fun game of trying to trash Corbyn, as the result of the panic over a future election result.
Bradley is not without controversy. He seems to support Malthus theory in his statsment that the unemployed ought to be encouraged to have vasectomies.
3.May has admitted that education is failing our children, but then goes on to state that there will be no new money. There is to be a review on higher education fees, which is not expected to report for at least a year. That’s been nicely kicked down the road then.