Spring Budget 2024: Watch Londoners on the financial challenges facing young people

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In this video we ask Londoners for their thoughts on the financial challenges for young people as Jeremy Hunt prepares to deliver his spring Budget.

Jeremy Hunt is set to deliver the spring budget on Wednesday March 6. With the UK now in recession, the chancellor is under pressure to deliver a package to grow the economy, and support those feeling the bite the most. 

But when it comes to London, a huge issue is the housing market, and whether or not it is even possible for young people to get a foot on the property ladder.  

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LondonWorld asked people on the street what they think should be done.

Kevin said: "I've got to say, the biggest problem I think that faces young people is the whole housing situation, which is just absolutely dire.

"And I think, actually, as we get closer to the election, housing is going to start creeping up there as a thing of importance, along with the usual things: NHS, crime, police etc. I think housing is the biggest problem."

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We asked Londoners for their thoughts ahead of Jeremy Hunt's spring Budget.We asked Londoners for their thoughts ahead of Jeremy Hunt's spring Budget.
We asked Londoners for their thoughts ahead of Jeremy Hunt's spring Budget. | Getty/Jack Abela

Jake said: "[There needs to be] more support getting onto the property ladder, possibly more support with careers as well, and especially more support in education. 

"It's very much set in a way that people have to decide their careers quite early on."

He said there is an expectation from the previous generation that you cannot hop around jobs too much. 

"Financially, it leaves a lot of people in difficult positions," he said, adding a lot more people are staying with their families because rents are so high and buying a house is so expensive.

"The government doesn't provide a great deal for young people at the minute," he said.

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