A generation is growing up in Britain which is in danger of being unable to afford to buy their own homes until they are middle-aged, Ed Miliband was due to warn today.
In a keynote speech at the Royal Festival Hall in London, the Labour leader is set to accuse David Cameron of betraying the young.
He was expected to dismiss the Prime Minister's claim that the Government is taking drastic action to tackle the deficit in order to ensure that young people are not left to shoulder the debts of their parents.
“The Jam generation” of politicians — like Mr Cameron and Chancellor George Osborne who grew up listening to the iconic band in the 1980s and now dominate government — is, he will say, in danger of creating the “jilted generation.”
Mr Miliband will point to the steadily rising age of first time home buyers as evidence of the way that the young are suffering.
“The average age of first time buyers was 30 in the mid-1980s. Today, it stands at 37. Our politicians must act”.