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The Conservative Party says they would give young people a £5,000 tax rebate in their first job, in a bid to help them buy their first home. The Tories shadow chancellor Sir Mel Stride also said the party would abolish business rates for high street shops.

In his speech, Sir Mel attacked the Labour Party government's record in office, adding they would leave a "mountain of debt for the next generation". "We're the only party that gets it. The only party that will stand up for fiscal responsibility," he added.

"And that means we have to face some hard truths to which other parties turn a blind eye." Under the Tory housing plans, people would see the first £5,000 of National Insurance they would have paid in their first job redirected into a nominated savings account of the

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