Joe Robertson

Labour is failing young people. Youth unemployment is up since Labour took office—it is now higher than in the eurozone. There are more people not in education, employment or training since Labour took office—now nearly 1 million. There is a midlife crisis in our economy, too. More than 2 million people aged between 50 and 64 are on out-of-work benefits. The deal for young people is bad, and it has been made worse by this Chancellor. Too many young people are coming out of university with excessive debt, and they do not know what the future terms of their borrowing will be. If a private provider were to provide loans in this way, where someone did not know when they signed up what the interest rates, repayment deal or income threshold would be, that provider would be unable to enforce it—it would be unlawful. When it comes to this Government and the Chancellor freezing the threshold, for some reason those on the Government Benches think that is okay. We have heard from Government Members who said that they joined the Labour party to fight for a better deal. We heard from the hon. Member for Kettering (Rosie Wrighting), who said that she is here to fight for her generation—generation Z. Is she not bitterly disappointed at the limp response from her Government now that they have power and can do something about intergenerational justice as she sees it? Instead, Labour Members come into this House to defend their Government increasing debt for students and freezing the earnings threshold at which those young people have to start repaying.