M
Pat Rabbitt has promised that hundreds of millions will be paid to hard up property developers in order to ensure that property prices continue to rise if Labour is elected.
Why is Labour not promising that it will enforce Part V. Under this provision developers are supposed to give 20% of housing in new developments. The actual figure at the moment is around 1% due to council officials having the power to give exemptions to their favourite developers.
Why does Labour not advocate to building of social housing by the govt which was done years ago.
Why is Labour opposed to allowing prices to fall to a level that FTBs can afford?
Possibly because it would be political suicide to propose an approach that might just be a tad unpopular with anyone who has already purchased, particularly those with high LTV ratios.
I already purchased and have been paying my mortgage off for the last 10 or 15 years. I don't want to have to start paying someone else's mortgage off. This scheme would be unpopular with me.
How about something like;abolish the escape clauses in the existing scheme and apply Part V to all residential developments of five units or more.How about something like;
The NESC has recommended that Social Housing output
should be increased to approximately 10,000 per annum, for
the next seven years. The Labour Party is the only party to
commit itself to this target.
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