I was born in 1986, the year of Margaret Thatcher’s Big Bang deregulation of the British banking system, and I was 22 when the global financial crash hit in 2008. For most of my adult life, the UK economy has been in crisis. First recession, then austerity, and now stagnation, with the prospect of another serious, Brexit-induced downturn on the horizon. Economists anticipate a decade or more of lost growth; a semi-permanent, Japanese-style slump. Prepare yourself, they say, for disappointment. That job you wanted? Gone. That house you’ve been saving for? No chance. That mountain of debt you’re carrying? You can keep it. Forever. It’s yours – along with flatlining wages, part-time employment, and income-eviscerating rents.
I belong, in other words, to the so-called ‘millennial’ generation, a category that includes people between the ages of 18 and 34 – or, more broadly, people who reached adulthood after the turn of the millennium. Millennials are significant for two reasons: they are the first age group in recent history to experience a standard of living lower than that of their parents, and they are really, really leftwing.