14 Jun

Help to buy has helped the well-off – and made the housing crisis worse | Vicky Spratt

More than half of those using the scheme could already afford a home. The government must stop propping up a broken marketConservative politicians have long professed their infallible belief that Britain should be a “property-owning democracy”. From Noel Skelton, who actually came up with the phrase in the 1920s, to Margaret Thatcher, who usually gets the credit, it is their maxim. So in 2010, when David Cameron found himself presiding over a fall in homeownership so severe that it hit a 30-year low and hearing that even the middle classes couldn’t get on the housing ladder, he felt compelled to act. Related: Most help-to-buy recipients could already afford a home Continue reading…

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