Tories Unveil £5,000 ‘First-Job Bonus’ for Young Homebuyers
The Conservative Party has revealed a new scheme aimed at helping young people get on the property ladder.
Shadow Chancellor Sir Mel Stride announced plans to offer a £5,000 National Insurance rebate for individuals starting their first full-time job.
This morning I will send an unoquivical message to young people – the @conservatives are on your side.
In my conference speech, I will announce that a future Conservative government will introduce the First Job Bonus – a £5,000 tax cut for every young person starting work, to… pic.twitter.com/t7aIvvfGr7
— Mel Stride (@MelJStride) October 6, 2025
This money would be placed into a long-term savings account to be used toward buying a home. Couples could potentially receive up to £10,000.
The proposal, dubbed the “first-job bonus,” is intended to “reward work” and make homeownership more accessible for young Britons. The Conservatives estimate the plan could benefit around 600,000 people each year.
Funding for the initiative would come from public spending cuts. Among the measures are restricting welfare for certain mental health conditions and limiting some benefits for non-UK nationals.
Speaking at the Conservative Party Conference in Manchester, Sir Mel Stride said: “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, and save for the future. That is the Conservative dream. A dream that built my life.
It is why I stand before you today, and I’ll fight every single day to make sure that dream is burning bright for younger people and for the generations to come.
Opportunity, aspiration, optimism. We are the party of hope. We are the party of the future.”
The advertisement has drawn mixed responses. sympathizers praise the move for diving casing challenges and promoting work, while critics are concerned about the impact on vulnerable groups and the practicality of the proposed spending cuts.
This plan highlights the Conservatives’ push to appeal to younger voters and reshape approaches to housing and welfare. The public response will become clearer in the coming months.
