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Osborne and my Right-to-Buy
Giveaway George has me left in a quandary.
Despite the constant calls for him to let Britain grow its way out of this never ending downturn, he decided, in this week’s Budget, to put all of his economic eggs into the housing basket.
“Owning your own home is the most basic human aspiration” said Gorgeous Gideon as he explained that, despite saying the cupboards were bare, he had managed to come up with £12bn for his mortgage guarantee scheme, £3.5bn for his Help-to-Buy scheme and £130bn to underwrite mortgages.
He also increased the maximum Right-to-Buy discount for council tenants who want to become home owners from £75k to £100k.
I’ve lived in one council flat or other for almost my entire life.
The flat I live in now, on a slightly grimy Tooting council estate, has been my home for over 20 years. (more…)