Conservatives to announce £5,000 tax rebate for young homebuyers

The Conservative Party plans to introduce a £5,000 tax rebate for young homebuyers if they win the next general election. According to the Shadow Chancellor, Mel Stride, the proposal will be financed through £47 billion in public spending cuts. The tax rebate is aimed at assisting first-time buyers, particularly those under the age of 40, in purchasing their first homes. The policy is intended to address the growing challenge of housing affordability, which has become a significant concern for many young people. The announcement comes as part of the Conservative Party's efforts to attract younger voters and address the issue of housing accessibility. The proposed spending cuts, however, have raised concerns about the potential impact on public services and the overall economic landscape. The announcement will be made at the party's conference, where the Conservatives will outline their plans for the next general election. The proposed tax rebate is expected to be a key part of their policy platform.