Has anyone seen Maria Hutchings? Lib Dems go on the attack

Tories accused of hiding Eastleigh by-election candidate after she stays away from Radio 5 Live debate.

Update: David Cameron has accused the BBC of behaving "badly and stupidly" by empty-chairing Hutchings, reports the Telegraph's Michael Deacon. A Beeb staffer replied that Hutchings could have done the debate and still had time to join Cameron on his visit to a local warehouse. 

As someone who first came to public attention berating Tony Blair live on national TV, one might assume that Maria Hutchings would never run shy of publicity. But when Radio 5 Live held its Eastleigh by-election debate this morning the Conservative candidate was a notable absence

The official explanation is that the hustings clashed with David Cameron's second visit to the constituency, but it's likely that the Tories simply didn't want Hutchings anywhere near a microphone (Eastleigh Lib Dems have responded with the "missing" poster below).

Having provoked a long-running row with her suggestion that it would be "impossible" for her son to become a surgeon if he went to a state school, the candidate has become a liability. To some of us, this comes as no surprise. The day after Hutchings was selected, I wrote that she was "exactly the kind of political novice that the party should avoid". But the narrow window in which to select a candidate meant that she was adopted by default. 

With the betting markets all pointing to a Lib Dem hold (the latest odds give them a 79.37 per cent chance of victory), the Tories appear increasingly resigned to losing the seat. When they do, it will suit them to pin much of the blame on Hutchings. But the truth is that Eastleigh, where the Lib Dems are formidably strong (they hold all 36 council seats in the constituency), was always going to be a struggle for them to win. 

Conservative Eastleigh by-election candidate Maria Hutchings with David Cameron at the B&Q headquarters in Eastleigh, Hampshire. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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In your 30s? You missed out on £26,000 and you're not even protesting

The 1980s kids seem resigned to their fate - for now. 

Imagine you’re in your thirties, and you’re renting in a shared house, on roughly the same pay you earned five years ago. Now imagine you have a friend, also in their thirties. This friend owns their own home, gets pay rises every year and has a more generous pension to beat. In fact, they are twice as rich as you. 

When you try to talk about how worried you are about your financial situation, the friend shrugs and says: “I was in that situation too.”

Un-friend, right? But this is, in fact, reality. A study from the Institute for Fiscal Studies found that Brits in their early thirties have a median wealth of £27,000. But ten years ago, a thirty something had £53,000. In other words, that unbearable friend is just someone exactly the same as you, who is now in their forties. 

Not only do Brits born in the early 1980s have half the wealth they would have had if they were born in the 1970s, but they are the first generation to be in this position since World War II.  According to the IFS study, each cohort has got progressively richer. But then, just as the 1980s kids were reaching adulthood, a couple of things happened at once.

House prices raced ahead of wages. Employers made pensions less generous. And, at the crucial point that the 1980s kids were finding their feet in the jobs market, the recession struck. The 1980s kids didn’t manage to buy homes in time to take advantage of low mortgage rates. Instead, they are stuck paying increasing amounts of rent. 

If the wealth distribution between someone in their 30s and someone in their 40s is stark, this is only the starting point in intergenerational inequality. The IFS expects pensioners’ incomes to race ahead of workers in the coming decade. 

So why, given this unprecedented reversal in fortunes, are Brits in their early thirties not marching in the streets? Why are they not burning tyres outside the Treasury while shouting: “Give us out £26k back?” 

The obvious fact that no one is going to be protesting their granny’s good fortune aside, it seems one reason for the 1980s kids’ resignation is they are still in denial. One thirty something wrote to The Staggers that the idea of being able to buy a house had become too abstract to worry about. Instead:

“You just try and get through this month and then worry about next month, which is probably self-defeating, but I think it's quite tough to get in the mindset that you're going to put something by so maybe in 10 years you can buy a shoebox a two-hour train ride from where you actually want to be.”

Another reflected that “people keep saying ‘something will turn up’”.

The Staggers turned to our resident thirty something, Yo Zushi, for his thoughts. He agreed with the IFS analysis that the recession mattered:

"We were spoiled by an artificially inflated balloon of cheap credit and growing up was something you did… later. Then the crash came in 2007-2008, and it became something we couldn’t afford to do. 

I would have got round to becoming comfortably off, I tell myself, had I been given another ten years of amoral capitalist boom to do so. Many of those who were born in the early 1970s drifted along, took a nap and woke up in possession of a house, all mod cons and a decent-paying job. But we slightly younger Gen X-ers followed in their slipstream and somehow fell off the edge. Oh well. "

Will the inertia of the1980s kids last? Perhaps – but Zushi sees in the support for Jeremy Corbyn, a swell of feeling at last. “Our lack of access to the life we were promised in our teens has woken many of us up to why things suck. That’s a good thing. 

“And now we have Corbyn to help sort it all out. That’s not meant sarcastically – I really think he’ll do it.”