Britain needs social housing, but Rishi Sunak is a pro-homeownership free marketeer 📨 This is the latest edition of Home Front, a newsletter by Victoria_Spratt
, private rents have hit record highs once again and gone up by more than 20% in some areas over the past year .Truss’s government sent shockwaves through the country when they very nearly scrapped proposals to regulate private renting by banning unfair no-fault evictions and make tenancies more secure before she stood down.
Indeed, he may be less pro-social housing than his predecessors Boris Johnson and Theresa May and more aligned with the David Cameron and George Osborne era in which home ownership was prioritised above all else.back in July. As for how to achieve that, he suggested using brownfield cites and modular homes .
“Lots of people don’t like that,” he added, “but we need to make sure we stick up for that because ownership is something that as a value is really important to us as a party.” A wild ride, however, is not what most people need. A Mr Sunak takes office, a worsening cost-of-living crisis floods his in tray. published today reveals that that 60% of renters – that’s more than half – reported difficulty affording energy bills compared with 43% of those with a mortgage between June and September 2022.
The time has come. The government’s Help to Buy scheme officially closes to new applications next Monday. However, the NAO also noted that Help to Buy did increase home ownership, help first-time buyers and prop up housing supply by delivering windfalls to property developers. The downfall of Liz Truss carries bleak echoes of Black Wednesday. It is a reminder that the success of British governments is hitched to mortgage rate rises.
Consider 32-year-old Hannah, a nursery school teacher from south London who earns around £49,000 a year.