Nigel Farage speaks at the UKIP 2014 Spring Conference at the Riviera International on March 1, 2014 in Torquay. Photograph: Getty Images.
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Ukip named as a “major party” by Ofcom for European elections

The decision means the party will now be entitled to equal levels of TV coverage as the other main parties.

Ahead of the European elections on 22 May, Ofcom has announced that broadcasters will be required to treat Ukip as a “major party” for the contest. The significance of this decision is that it will now be entitled to an equal amount of Party Election Broadcasts (PEBs) as Labour, the Tories and the Lib Dems. The ruling, however, will not apply to Scotland-only programming due to Ukip’s low level of support in the country. Here’s the Ofcom statement in full: 

We have consulted on an appropriate approach for determining the composition of the list of major parties ahead of the elections taking place on 22 May 2014.

Our decision is that the United Kingdom Independence Party (“UKIP”) should be added to the list of major parties in England and in Wales for the 2014 European Parliament elections.

The practical effect of this decision is as follows:

  • Broadcasters transmitting PEBs on a UK/Great Britain-wide basis (such as Channel 5 in the European Parliamentary elections) will be obliged to treat UKIP as a major party across the whole of England, Wales and Scotland (ie Great Britain) as a whole.
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  • STV will not be required to treat UKIP as a major party for the purposes of broadcasting Scotland-only PEBs. This reflects the fact that UKIP has low levels of support in Scotland. However, ITV Wales will have to treat UKIP as a major party for the purposes of broadcasting Wales-only PEBs, reflecting the fact that UKIP has significant levels of support in Wales 
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  • In news and current affairs election programming that focuses on the European Parliamentary elections across England, Wales and Scotland (i.e. Great Britain) as a whole, UKIP will be treated as a major party across the whole of England, Wales and Scotland (i.e. Great Britain). However, in news and current affairs election programming that focuses on the European Parliamentary elections in just Scotland, UKIP will not be treated as a major party in such programming.

The decision will intensify the debate over whether Ukip should be regarded as a major party for the 2015 general election. While it has no MPs (in contrasts to its nine MEPs), some will argue that it should be included on the list if it continues to lead the Lib Dems in most opinion polls (and Ofcom appears to have taken its current poll ratings into account). Were Ukip to be classified as a major party, it would make it far harder (and even impossible) to exclude Nigel Farage from any TV leaders’ debates. 

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.”