‘The more you earn, the less you keep’: readers react to the budget

From a young chef and a single father to business owners and a pensioner, Guardian readers reveal how John Healey’s measures will affect them

‘Most people my age have written off buying a home’

Louie, 24, a chef living in London, says a lot of people have “written off the idea of even considering getting a property” in their 20s.

He is optimistic about the government’s new Your First Home scheme, which will enable people to buy a new-build property with a deposit of just 2.5%, supported by an interest-free equity loan.

But he says a smaller deposit alone will not be enough for him. “I’ve found hospitality wages to be far too volatile to even consider saving for a property,” he says.