Mrs Waco and I have no kids…..only our cat.

So……such a scheme may allow us to travel the world and still make a profit !

Anything left to the Salvation Army, Cats protection league and the British Red Cross !

I see your point CH……………

But there is massive tax take shortage at present…….quite simply there is insufficient tax coming into the revenue.
This is due to the massive increase in zero hours contract employment, ultra low wage employment or low take self employment.

Allied of course to major businesses and the uber rich, just avoiding paying tax altogether. Which means…..as always….
the people in the middle getting crushed.

The only way around this is the creation of real jobs…………….

And if I could solve that one………………

now I don’t want any of you think I’m going soft.

But…….generally speaking JG’s #60 was, I thought, very good. However, I think you will find the Thatcher government prevented councils spending revenue from sold council houses on building new/replacement properties. So I don’t believe the consequences were entirely unintended.

CD
always !

modern politics is about preserving the status quo and only considering short term solutions.

 Affordability problems are not confined to London and the South East, but are found across the country.
 In more than half (55%) of local authority areas, less than one in ten available properties are affordable to a working couple with children on average wages.
 There are seven local authority areas where no available properties are affordable to a working couple with children on average wages.
 In more than four fifths (82%) of local authority areas, less than one in ten available properties are affordable to a single person on average wages.
 There are seven local authority areas where no available properties are affordable to a single person on average wages.
 Three central London areas are completely unaffordable to either couples with children or single people on average wages: Kensington and Chelsea, Westminster and Camden.
 In 31 out of 32 London boroughs1, less than 10% of available properties are affordable to a couple with children on average wages.
 In the North East region, there are no local authority areas in which less than 10% of available properties are affordable to a couple with children on average wages.
 In every local authority area in London and in the South West, less than 10% of available properties are affordable to a single person on average wages.

Our NHS is collapsing under the weight of bed blocking due to lack of affordable care for the elderly.
Our housing situation is crazy.
I could go on about a thousand other things……….
Sometime soon is all going to fall apart……what happens then.

Conservative, Lib Dem and Labour are clueless.
UKIP will destroy the country.

Help !

Thatcher
Sold social housing vastly reducing supply whilst increasing demand by opening up credit, pushing up prices.
She also banned local authorities on spending earned money from sales on building new houses. Her record on building (or lack of building) new housing was a crime.

Blair
During his boom years…..failed to build new housing….ensuring demand exceeded supply

Cameron
Actively produced housing boom by bringing in schemes to make mortgages easier to get, but not increasing in real terms the
number of houses required. Also assisted by very low interest rates. manipulation of supply and demand….basic stuff. Please don’t tell me you have not seen the massive increase in house prices in the south east…the Tory heart lands.

Thats the very short version.

The expanded explanations could be the basis for an interesting book .

You are quite correct CD

They will not build new housing because they want to keep high prices and ensure the rich stay rich living in the nice places that no one else can
possibly afford……

All I’m interested in is having somewhere to live. I do not believe that housing should be the basis for the investment industry
and using it for political gain.

What kind of world are we living in when you want to deprive people of a roof over your head ?

House’s should not be the basis for manipulating a countries economy ………. they should be places for people to live !

Still its nice to know that you agreed with Gordon Brown and Alistair Darling. My point is that QE need not be JUST money to the banks.
There are other ways.