IPOD generation faces 50% tax burden

The report from centre right think-tank Reform says a combination of rising taxes, student debt repayments and pensions contributions will give the average graduate aged 21-35 an effective tax burden of nearly 50% early in the next decade. It says the government needs to address the problem of the economic position of young people in its next spending review, due in the Spring, and calls for a commitment to long term public spending discipline to allow the overall tax burden to be reduced. The report – Class of 2006: a lifebelt for the IPOD generation, produced by Nick Bosanquet, prof...