DEVELOPING: Conservatives to unveil £5,000 tax rebate for young homebuyers in shock move.

Breaking News: Conservatives Unveil £5,000 Tax Rebate for Young Homebuyers The Conservative Party has announced a shock move to provide a £5,000 tax rebate for young homebuyers as part of its conference in Manchester. The plan, set out by shadow chancellor Mel Stride, would see national insurance payments diverted into a long-term savings account. Immediate Impact: Young people buying their first homes will receive a £5,000 tax rebate when they start their first full-time job. This is expected to be funded by £47 billion in cuts to public spending over five years. Background Context: The proposal forms part of the Conservative Party's plans to "reward work" and tackle the UK's housing crisis. The party has been under pressure to address concerns about affordability and access to homeownership for young people. Current Status: Shadow Chancellor Mel Stride is expected to outline further details in his speech at the Manchester conference on Monday. The proposals have sparked debate, with critics questioning the impact of cuts to public spending. This is a developing story, and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*