Tuesday 14 September 2021 by Chris Ballard

Save for another two hours and you’ll have enough for a house deposit, Therese Coffey tells young people


Theresa Coffey

Work and Pensions Secretary Therese Coffey has advised millennials struggling to get a foot on the property ladder that all they need to do is save for another two hours.

Therese Coffey is genuinely baffled that people don’t seem to understand that all financial struggles will disappear if you just do something for two more hours.

“It’s just so simple,” said Ms Coffey. “If only everyone was as clever as me.

“In the same way that working for two additional hours will offset the removal of the Universal Credit uplift, saving for two additional hours will ensure people can afford to buy a house.

“Two hours is the length of the average movie – instead of watching something on Netflix, youngsters could sit at home doing some really focussed saving.

“If it’s too much in one go then save for an hour, have a cup of tea, then save for another hour.

“After just one evening they’d have enough for a deposit. Not for a London mansion, obviously, but something modest like a four-bedroom house in zone two.

“The Conservatives are of course here to help. Tax increases will ensure that the less well-off can’t actually afford to do anything fun and will have no choice but to save what little remains.”

Millennial Simon Williams said, “I can’t believe a Tory minister could be so out of touch with the average working young person.

“It’s almost as if they have no concept of job insecurity, unaffordable rent and not having the option to rely on wealthy parents. Weird…”

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