mikefall.bsky.social
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And taxing empty property would also have the secondary effect of reducing house prices as such investments become less attractive versus alternatives and demand falls. Thereby making all properties more affordable in the longer run.
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I'm talking nationally BTW. Don't know the precise London position, but it certainly has more than it's fair share of empty investment properties.
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It's an inexact science (e.g. not all properties have same bed capacity, and not all families same size) but plenty of recent reports/analysis including this from Crisis in 2023 showing more empty properties than families without secure accommodation. www.crisis.org.uk/about-us/cri...
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By then the falling birthrate will have taken over and solved the housing crisis for us. At a live birth rate of 1.6 per female, and falling, we'll soon be in the same bucket as South Korea and Japan. The downside is we'll all have to work until 80 and provide our own social care
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We have sufficient properties however they are underutilised. The answer to the crisis is to heavily tax empty and predominently empty second/multiple/investment home ownership. The existing housing stock will then either be fully utilised, or it will raise funds that can fund social housing.
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Well there's one thing you can be certain of: That there will be a lot of opinions spouted by people who haven't actually watched it
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Untidy
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Yes, and that all happened because of c.50% cuts to central government LA grants by the Conservatives. Central government austerity is the root cause of this, and is regularly ignored by the media.
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Your post says "workplace pensions" but the chart says "private pensions". Is it the wrong chart or is it mis-labelled?
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5 authors I've read 5+ books by:
James Ellroy
Ian Rankin
John le Carre
Elmore Leonard
Agatha Christie
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Four words: First Past The Post.
Labour (just like the tories were) are desperate to cling onto the votes of 500 or so voters in each of 50 or so marginals, and the perceived desires of those voters trump all else. It's why we need PR if anything is to meaningfully change in this country.