Property News · December 21, 2017

Homelessness is now the public face of this Tory era | Polly Toynbee


Conservatives give another £10bn to the help-to-buy scheme, benefiting their voters. Imagine what that money could do in the hands of charities the Guardian is supportingGenerous donations are flowing into the Guardian’s appeal for three homeless charities, bursting past £750,000 less than a fortnight after its launch. But what is the government doing? Looking after their own voters, again.The chancellor is pouring another £10bn into the help-to-buy programme next year, despite the government’s own evidence that the last £10bn helped largely better-off buyers who would have bought anyway. Help to buy offers an interest-free government loan worth up to 20% of a property’s value for new-build homes. But of those using it, one in five are already homeowners: Shelter finds their incomes are higher than those of young renters in the English regions where the scheme is used most. Continue reading…

Source : theguardian.com
Read more…Homelessness is now the public face of this Tory era | Polly Toynbee

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