Article 43N07 The property tax system works brilliantly – if you’re a builder or wealthy homeowner

The property tax system works brilliantly – if you’re a builder or wealthy homeowner

by
Guardian Staff
from Economics | The Guardian on (#43N07)

More government money goes to subsidising housebuyers than to housing benefit - a situation that is not only unfair but costing the economy dear

When official figures show that the number of new homes built for social renting has fallen by almost four-fifths in a decade, it should come as no surprise that more than a million families in England are stuck on council waiting lists.

The dramatic slide resulted in only 6,463 in social housing homes being built in England in 2017-18, down from almost 30,000 a decade earlier. High on the list of blame for this shameful situation are government cuts, both to local authority budgets and to housing associations' spending power.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments