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UK households could be handed £5,000 bonuses for one purchase under a Conservative Party pledge. The Tories have promised, if they get back into power, to introduce a £5,000 bonus for young people to use on housing or savings.

Shadow Chancellor, Mel Stride, said: "So we will introduce something called the first job bonus. When someone takes their first job, the first £5,000 pounds they pay in national insurance won’t go to the taxman.

"It will go towards a deposit on their first home, or it will go towards savings for their later life. For a working couple, that means £10,000 pounds, helping them buy a home, build a family, save for the future.

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"That is the Conservative dream, a dream

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