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I understand your point. It’s just a little bit preposterous that people are asking those who endured 15%+ mortgage rates in their generation to take more of the burden now to help people who have enjoyed mortgage rates of ~2% long term to pay THEIR mortgages.

These were the BoE Base Rates at the end of each calendar year, to 1 decimal place. To suggest that home buyers back in the 80s and 90s had it easy really does not stand up.

Is that the same now-retired generation who were suffering mortgage interest rates of 15%+ through the 80s and early 90s?

Not at all. Tax payers money should be spent on health, education, defence, law and order, infrastructure, sustainability etc and benefits for those in genuine difficulty. But helping people buy their own homes, with other taxpayers money? Nope.

Nothing. If you replace the thread title words “should the government” with “should the tax paid by hard working people be used to help other people with their mortgage payments”? the answer becomes quite obvious.