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Showing posts with the label Property ladder

A grubby but not illegal excursion into property development.

  http://www.independent.co.uk/news/uk/politics/george-osbornes-family-struck-a-6m-property-deal-with-firm-based-in-tax-haven--reports-10373416.html   George Osborne's family 'struck a £6m property deal' with firm based in tax haven        Chancellor George Osborne     Today, (Wednesday 8th July), George Gideon Oliver Osborne, will delivery the first fully Conservative budget in almost 20 years. The already leaked details of the budget, (which until recently were the best kept secrets in the country)have already indicated cuts to child tax credits, housing benefits and tax credits on low incomes, together with £13billion cuts to welfare spending.These cuts, forming part of the governments drive for even more austerity in the United Kingdom, will effect the majority of people in the country reducing living standards even further and, it has been suggested increase child poverty, (even using the new government fiddled d...

Home ownership. A uniquely British obsession?

  http://www.independent.co.uk/news/uk/home-news/home-ownership-sinks-to-25year-low-and-could-continue-shrinking-8517465.html   Home ownership in the UK is at its lowest level since the mid-1980s Home ownership sinks to 25-year low Margaret Thatcher was instrumental in promoting the drive to "get on the property ladder" in the 1980's, which led to disastrous consequences for many families when the phenomenon of negative equity first appeared. In Europe and indeed the rest of the world, there is no great desire to "own your own home", (in fact it is actually the banks or building societies who own the brick and mortar, but that is another debate) and consequently the majority of accommodation is rented from the private sector or provided as "social housing". It was the "get on the ladder and buy your council house" which started the uniquely British obsession with home ownership and is the main root cause of the housing problem in...