Now is the time for middle-aged activism

When you’re a teenager you’re angry about everything, without necessarily knowing why. Steven Baxter suggests that it’s time for the grown-up teenagers to get properly angry – the kind of anger that comes with intimate knowledge of everything that’s gone

It's strange how life hands you chances to do things you never thought you'd do again, but there I was on Saturday, on the lower end of an 8ft helium balloon, marching through Manchester to protest about the state of the NHS. Before then, my previous protesting experience, as a punter rather than an observer, came back in the 1990s, before my young mind had even had the chance to be disappointed by New Labour, protesting Michael Howard's Criminal Justice Bill.

Back then, as a callow, long-haired teenager in that awkward space between A-levels and a City and Guilds, protesting seemed like the most natural thing in the world to do. The Government were taking away our Right to Rave, and we were Angry. Angry with a Capital A. We yelled, we chanted, we threw stuff (actually, I didn't; I left Hyde Park "before it all kicked off" to get home early for my dinner, but you know what I mean). We blew whistles. We read the Socialist Worker. We screamed and we bawled. We were young, and we thought it all meant something. Hell, maybe it did.

When you're a teenager you're pretty angry about everything. Politics is just one of the many thousands of things that seem utterly and irrevocably unfair; you gravitate towards it because you might as well find one more thing to complain about. Teenagers are built to rebel against nothing they can define because they simply must; at least, with political activism, it makes more sense, or seemed to at the time.

It might sound like I'm about to dismiss campaigning and protesting as something somehow callow or a phase you have to go through, but I'm not. In fact, I'm beginning to think quite the opposite. The teenagers are right to be angry. I don't know if they know they're right, or if they're just angry and happen to have stumbled on the right mood for our times, but I am more and more convinced of the righteousness of their cause.

The older I get, the more it's beginning to make sense again - the grumpiness, the anger, the disobedience. Maybe now is the time to get back involved, in a kind of middle-aged activism, the kind of anger that comes from knowing just what a miserable, lying professional foul the world is, and how much better it could be.

So there we were, marching through Manchester, a ragtag-and-bobtail collective of trade unionists, activists, protesters and - it irks to say this, but I'm very much afraid it is true - the Usual Suspects. Yes, SW were there. Yes, I got offered a paper. Yes, someone handed me a leaflet about The Death of Trotsky. Yes, there were calls for a General Strike, which will garner the well-meaning movement about as much public sympathy as a slap in the face. Yes yes yes, all of that, but wait: it's easy to dismiss this kind of stuff by looking at the clichés and thinking it represents a simplistic identikit of the aims and objectives of those who dare question the happy neoliberal consensus of austerity first, everything else later. But what if they're right? What if it is worth stopping the NHS from slipping into the meat-grinder? What if there is a better way than cutting everything, privatising everything and outsourcing everything?

It wasn't just us making a noise (thank you, PCS samba band) that chilly Saturday: there were others taking to the streets, for UKUncut to protest Starbucks' buffet tax options, against the Scientology shop in town, and so on. A lot of people are angry. A lot more, you might argue, ignored all the fuss, the noise, the banners and balloons; they carried on sipping their dishwater lattes and filling their heaving plastic bags with Christmas shopping gifts now, playing chicken with the overdraft limit later.

True enough, I suppose. There is apathy everywhere, and maybe only pockets of activism to try and stir the bewildered Christmas shoppers from their numb slumber of melting plastic and payday loan sharks. I don't know if the tide is turning, or if anything will change anytime soon due to getting out on the streets and making a noise about it.

But. oh, I don't know. When we come to look back on this time, when everything relatively decent that we managed to get from the postwar settlement was dismantled and chucked away, do I want to think I didn't do anything about it? Or can I, at least, say that I did something, that I stood up and I said, enough is enough?

Even if it is just a feeble attempt to save what can't be saved, I think you have to try. Probably the teenage me, who took part in that other protest all those decades ago, wouldn't understand, but I do: you have to try. Not because you think you'll win, but because you simply have to try. Because if you don't, the only person you can blame for the way your world turned out is yourself.

Get marching.

 

If you don't try, who will you blame for how the world works out? Photograph: Getty Images
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I was wrong about Help to Buy - but I'm still glad it's gone

As a mortgage journalist in 2013, I was deeply sceptical of the guarantee scheme. 

If you just read the headlines about Help to Buy, you could be under the impression that Theresa May has just axed an important scheme for first-time buyers. If you're on the left, you might conclude that she is on a mission to make life worse for ordinary working people. If you just enjoy blue-on-blue action, it's a swipe at the Chancellor she sacked, George Osborne.

Except it's none of those things. Help to Buy mortgage guarantee scheme is a policy that actually worked pretty well - despite the concerns of financial journalists including me - and has served its purpose.

When Osborne first announced Help to Buy in 2013, it was controversial. Mortgage journalists, such as I was at the time, were still mopping up news from the financial crisis. We were still writing up reports about the toxic loan books that had brought the banks crashing down. The idea of the Government promising to bail out mortgage borrowers seemed the height of recklessness.

But the Government always intended Help to Buy mortgage guarantee to act as a stimulus, not a long-term solution. From the beginning, it had an end date - 31 December 2016. The idea was to encourage big banks to start lending again.

So far, the record of Help to Buy has been pretty good. A first-time buyer in 2013 with a 5 per cent deposit had 56 mortgage products to choose from - not much when you consider some of those products would have been ridiculously expensive or would come with many strings attached. By 2016, according to Moneyfacts, first-time buyers had 271 products to choose from, nearly a five-fold increase

Over the same period, financial regulators have introduced much tougher mortgage affordability rules. First-time buyers can be expected to be interrogated about their income, their little luxuries and how they would cope if interest rates rose (contrary to our expectations in 2013, the Bank of England base rate has actually fallen). 

A criticism that still rings true, however, is that the mortgage guarantee scheme only helps boost demand for properties, while doing nothing about the lack of housing supply. Unlike its sister scheme, the Help to Buy equity loan scheme, there is no incentive for property companies to build more homes. According to FullFact, there were just 112,000 homes being built in England and Wales in 2010. By 2015, that had increased, but only to a mere 149,000.

This lack of supply helps to prop up house prices - one of the factors making it so difficult to get on the housing ladder in the first place. In July, the average house price in England was £233,000. This means a first-time buyer with a 5 per cent deposit of £11,650 would still need to be earning nearly £50,000 to meet most mortgage affordability criteria. In other words, the Help to Buy mortgage guarantee is targeted squarely at the middle class.

The Government plans to maintain the Help to Buy equity loan scheme, which is restricted to new builds, and the Help to Buy ISA, which rewards savers at a time of low interest rates. As for Help to Buy mortgage guarantee, the scheme may be dead, but so long as high street banks are offering 95 per cent mortgages, its effects are still with us.