A new minister in the housing department is fiercely opposed to private housing. This’ll go well…
The housing department has a new entrant as of the weekend – Miliband’s protege energy minister and former New Economics Foundation director Miatta Fahnbulleh. Miatta has a well-established history of opposition to private housing. She said in her maiden speech in the Commons last year:
“I am not against housing development… but we need the right homes in the right places, with the right tenure mix and the supporting infrastructure.”
The MP for Peckham opposed housebuilding in the area: “I support building homes on the Aylesham site — but they must include the right amount of social and affordable housing.” Thus making them impossible to deliver…
While at the NEF Fahnbulleh campaigned for various means of destroying the housing market. Those include:
- “Community right to buy – rights of first refusal to social landlords and community-led housing organisations when properties become available for sale… a Public Land and Housing Corporation should be established to strategically deploy… private land acquired at existing use value, to prepare the pipeline of land for social housing.” This means seizing private land at below-market value…
- “Rents for every home in the private rented sector in London be reduced to a desired rent level and then controlled by a ‘Private Rent Index’, which would cap annual rent increases.” Goodbye rental housing…
- “Give mayors the powers to control rents.” “The power to control rents is something that must be devolved to regional authorities.” It doesn’t stop at a tourist tax people…
- Apply NI to rental income.
- Apply a surcharge to sales in which in which one landlord sells the property to another landlord.
- Increase CGT on “significant unearned gains in rising property values.”
- “A major new programme of grant-funded social rented housing – 150,000 a year built by either local authorities or housing associations. This will require around £10 billion of public investment per year.”
New figures released over the weekend show the housebuilding rate is collapsing under Labour. Miatta’s here to destroy the market some more…
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