Could the Budget help turn Generation Z into generation debt?

Chancellor Rachel Reeves’ upcoming Budget is expected to justify tax increases as a vital measure to keep the UK’s national debt under control.

Some have argued keeping the national debt down protects the financial interests of younger people. That’s because if the country’s debt went up drastically, it is younger people who would have to foot the bill to pay for the interest on it. And it would be taken directly from their payslips through higher taxes.

Generation Z, or those born between 1997 and 2012, have been hit in the pocket over the past 15 years by benefit cuts and dramatic increases in university tuition fees. Meanwhile, the homeownership rate of those born since…