The Shadow Chancellor Mel Stride has vowed to give young homebuyers a £5,000 national insurance rebate towards the cost of their first home.
Stride revealed the Tories plans saying a “first job bonus” for a working couple will be worth £10,000 and the money will be placed into a long-term savings account.
Stride said the monies will be paid for by cutting sickness benefits for those with mild mental health conditions and the Conservative Party will also ban around half a million foreigners from being able to claim benefits.
On Monday the Conservative conference takes place in Manchester where Stride will set out plans to cut welfare spending including foreign aid should they be elected at the next general election.
Sir Mel is expected to say, “We’re the only party that gets it. The only party that will stand up for fiscal responsibility.
“We must get on top of government spending. We cannot deliver stability unless we live within our means.
“A fairer system also means ensuring that only British citizens can access welfare – because citizenship should mean something.
“When we deliver the urgent change that is needed to stop young people going straight from school to a life on benefits, we will use those reforms to fund tax cuts which are laser-focused on aspiring young people.
“Helping people to buy a home, build a family, save for the future. That is the Conservative dream.”
Labour Party chairwoman Anna Turley said, “The Tories let welfare bills, civil service numbers and asylum hotel use skyrocket on their watch – and they’ve never apologised. Now they want to rehash failed promises from their failed manifesto to try to solve the problems they caused.”
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