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and you are looking in for every week and month that goes by, the dream of homeownership recedes further into the distance. the average age of first time buyers has been rising continuously. the proportion of young people who can afford to buy their own home has been falling. between 2005 2016, the proportion of 2534 year olds that owned their own home fell by 20%, whereas in most other countries, it has been rising. it is true that we still have higher rates of overall homeownership just ahead of france and just ahead of germany. and it is true that we are building more as fast as we can after a sustained decline in home ownership rates in the labour government, which is now starting to go back up thanks to our support forfirst time starting to go back up thanks to our support for first time buyers and also building more homes. last year, there were 400,001st time buyers of property which was a 20 year high. 400,000 property which was a 20 year high. 400,000 firs ....
are products already there but they come and go and we want to make sure there is a ready stream of such products for the people who need them. as well as all the other initiatives i mentioned just now. on what rishi sunak and myself are talking about on fiscal measures, i m sorry to say that you are going to have to contain your impatience and reducing income tax to 2p, not even on the back benches of the tory party, nobody has yet proposed that to me, but we, i know and i think everyone knows, that because of covid we had a massive fiscal shock and it was because of the strength of the economy that we were able to look after people and we still are. we just want to make sure that as we come out of it, we keep things strong and take sensible steps but of course as i think i said a couple of course as i think i said a couple of times, we are strongly inclined to stimulate further growth and productivity with tax cuts as and when they become sensible. mason boycott of the dail ....
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