A major part of the problem is high tax rates driven by borrowing for higher education courses that they’d be better off not taking.
Limiting councils’ discretion could lead to a lot of fuss for little real change. The real problem is a geographically unbalanced economy.
Change the rules so there is a right to use the discount to buy a property in the private sector – not the home the tenant occupies.
By using the new grant as an incentiv those who are looking to buy would be more likely to buy a new build, enabling supply to continue.
We have a scheme to help our tenants with deposits, to boost home ownership.
Sooner rather than later, they will find a growing number of constituents coming to them for help with this latest twist in the housing crisis.
Many of these buildings could be replaced with new homes. New rules are needed to end this scandal.
In this new political battle, the greatest tension will not be left v right or even fiscal
doves v economic hawks. It will be a battle between creativity and convention.
People who aspire to own their own homes move out of London to where property is cheaper.
How better to follow Jeremy Corbyn’s speech yesterday than by citing a signature Tory policy that shifted wealth to “working people and their families”?
Bowman and Westlake’s policy ideas are perfectly compatible with this end, but pitching them as a city and town agenda risks creating a false impression.
The message is welcome after the defeatism of her predecessors. But radical measures are needed to free up supply and get attractive new development.
The new zone proposals will take away the effective monopoly of the big developers, allowing a genuine market to deliver for people.