Those of us born after 1980 wish to extend our heartfelt thanks to the United Kingdom’s governments of recent years. We truly appreciate the various ways in which you have buried our generation under an avalanche of debt and unfunded liabilities. After all, it was your responsibility to ensure that you leave the United Kingdom in a better state than you found it.
To that end, thank you for leaving our households with a typical debt of £221,000 each; households that we may never own as a consequence of your reluctance to liberalise planning laws. Not only have you contributed to this figure through unsustainable levels of government spending, you have also taken it upon yourselves to rack up an unfunded State Pension liability of around four trillion pounds. Even a cursory glance at the true extent of intergenerational injustice is enough to prove to us that you consider our future standard of living to be of grave importance.
Furthermore, we would like to acknowledge your unwavering commitment to ensuring that this situation will not be rectified. You have done little to accelerate the rise in retirement age and ignored the potential of a compulsory private pension scheme. Public debt continues to increase. Policies aimed at reaping the substantial fiscal benefits of immigration – such as excluding international students from government targets – have not been adopted.
It’s hardly surprising to find that our generation is “more liberal than any previous generation”. Nor is it surprising to learn that we are less likely to feel engaged with political parties. Why put faith in Westminster when we are faced with successive governments who all seem content to burden us with ever-greater amounts of debt?
We are Generation Screwed. And we have you to thank for it.