Monday, 30 June 2014
How The Tories Tackle The Housing Crisis.
The Tories have recently been addressing the problem of the housing crisis, cruising the TV studios telling us all about their concerns and presenting statistics that seem to indicate that they are doing something about it. Having ignored the problem for four years they were galvanised into action after very public warnings from the EU and the Bank of England that the recent re-inflation of the property market is a grave danger to the British economy. The problem for George Osborne is that the property boom constitutes the major element in his otherwise non-existent economic recovery. Building houses threatens this recovery for the rich only that Osborne has engineered and the growing inequality between rich and poor that he champions. Not to worry though because, behind the scenes, he, the Tory Party and their wealthy backers, are still cashing in for all they are worth in the property market. Mike Weatherly, Tory MP for Hove, has been busy promoting anti-squatting laws on behalf of wealthy property tycoons who are responsible for a staggering 710,000 empty houses in Britain and who have paid him thousands of pounds in personal "donations". Meanwhile Richard Benyon, pictured above, Tory MP for Newbury, has been investing in social housing estates in London and then raising rents in an effort to get rid of the working-class families that presently live there and replace them with wealthier tenants. The eventual goal, a spokesman for the consortium that has bought the New Era Estate in Hoxton said, is to "raise rents to the going market value." In case you're wondering the "going market value" in East London is it is £2,000 per month. Few, if any, of the present tenants could possibly afford such a rent hike and it seems unavoidable that they will soon be evicted and replaced by tenants more the Mr.Benyon's taste. This then is the Tory housing policy. Hundreds of thousands of empty houses put to one side as an "investment", unaffordable rents for ordinary working people, increasing homelessness and a rich rentier class sucking the lifeblood out of our economy.