Labour climb down over RTB of Private Rented Accommodation

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    Labour climb down over RTB of Private Rented Accommodation

    The following announcement demonstrates the crass stupidity of Labour and its communist orientated hierarchy. This was an ill considered proposal without realising the practical implications of its implementations.

    The Labour Party has ditched its controversial “right to buy” idea to let tenants buy up their landlords’ properties, the Financial Times (FT) has reported.

    The party’s top brass reportedly met in London on Saturday night to sign off the pledges for its election manifesto and ruled out the policy.

    The FT reported “party figures familiar with the manifesto,” had raised concerns the policy was not workable.

    The idea to allow tenants to buy out landlords for a government-set “reasonable price,” was floated by shadow chancellor John McDonnell (pictured) in September.

    McDonnell said at the time the plan could be effected easily.

    But brokers branded it “ludicrous”, “farcical,” and “very ill-thought out”.

    The party is expected to move ahead with plans to work toward a net-zero carbon economy by 2030, including a pledge to allocate £60bn to upgrade the energy efficiency of the UK’s housing stock.

    The FT described the combination of pledges in the manifesto “the most leftwing in recent history.”

    #2
    Yay! All the landlordzone lefties can now vote labour without worry.

    Comment


      #3
      Unless they have shares in BT...

      Comment


        #4
        Comrade Jeremy has declared a policy on rental increases and other related matters

        Labour’s election manifesto reports that, given the reins of government, the party would “stop runaway rents” by capping them with inflation.

        Aside from this, the party would give cities power to cap rents further. It would also fund renters’ unions throughout the UK, which Labour says would allow renters to “organise and defend their rights.”

        The manifesto dedicates four pages to housing issues in total. In its affordable housing section, the party says that it will end permitted development, in which office blocks are converted to homes and change the definition of affordable, which Labour says the Conservatives set “as high as 80 per cent”, and instead link the definition to local incomes.

        The party also says that it would end the Right to Buy scheme, give councils the power to buy homes from private landlords, and that a Decent Homes programme will ensure that all council and housing association homes are up to “good” standard.

        Comment


          #5
          Originally posted by loanarranger View Post
          Comrade Jeremy has declared a policy on rental increases and other related matters
          Labour’s election manifesto reports that, given the reins of government, the party would “stop runaway rents” by capping them with inflation.
          Yes, and of course the likely effect of the sort of government would be that inflation would be massive and rapid as the £ declines and the state expands. Rents are most unlikely to keep up with inflation and declining asset values and value of savings anyway. We will have "runaway" everything.

          Comment


            #6
            According to the times this morning, if the Labour Party manifesto were to be fully implemented, the state's proportion of the economy would be roughly the same size as Germany's.
            Not that it matters, because the majority they'd need to push their proposals through isn't likely, given the leader.
            When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
            Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

            Comment


              #7
              Unfortunately the vast majority of such voters read the Red Tops and can be sucked into the hype much espoused by Citizen Smith (showing my age!! -Robert Lindsay)

              Comment


                #8
                The only pro labour mainstream newspapers are the Mirror and the Guardian and my guess is that most readers of those publications have already decided who they're going to vote for, the only thing likely to change their mind is if they decide to vote Lib Dem tactically.

                It's going to take more than one election to sort parliament out as it stands, and if they don't win, Corbyn and MacDonald both have to resign.
                When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
                Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

                Comment


                  #9
                  In principle Right to Buy might not be a bad things, if they allow Capital Gains Tax rollover. It may be a problem, in say a flat conversion, there all the flats are owned by the landlord, but having to sell one out.


                  Comment


                    #10
                    My rents are below market, however, I am thinking of sending all a rent increase. I was going to ask the tenant to pay the existing rent, but I would be building up the arrears, so if they do exercise such a right (if they are given in), then I can the amount, I have been undercharging them....


                    Comment


                      #11
                      Anyone seen this?

                      Comment


                        #12
                        It would be funny if racism did more damage to Labour then to the Torys.
                        When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
                        Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

                        Comment


                          #13
                          I doubt Labour are getting in. I can see a big Conservative majority. Very little support from most Labour voters in areas I work in

                          Comment


                            #14
                            Hech123
                            I believe that the penny is dropping in many locations where to vote anything other than labour would be a betrayal of their working class and family roots, but for many they realise that the Labour Manifesto combined with the pronouncements from John McDonnell of having strikes as a means of getting higher benefits for the working class is indeed a through back to the days of Red Robbo and Arthur Scargill when mob rule is the voice of a Labour Government.
                            The world is indeed imperfect but I would vote for BoJo if it means stability and prosperity for anyone who is prepared to work.

                            Comment


                              #15
                              No effective majority for anyone is my prediction.
                              No one will work in coalition with a Corbyn led labour party or a Johnson led Conservative party.

                              Then muddle on for a few months and another general election (or possibly an EU referendum).

                              The only wild card for me is that it's possible that a lot more young voters might turn out than usual.
                              That would mean the main polling would be wrong and I think it would benefit Labour.
                              When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
                              Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

                              Comment

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