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...