HMRC's time machine setting sights on all graduates!

[zeitghost]

They're building 300 shoeboxes up the road from ZeityTowers.

The farmer whose field it used to be must be happy.

However it is in-filling the "green wedge" between Neath & Tonna, as was tried back in the 30s apparently.

You used to be able to see the curb stones where the next drive would have gone for another pair of semis.

What amazed me was the depth of the hole for the soakaway pit.

I was expecting them to find coal becuase it was so deep.

[Whorty]

Most of us earn £8k a year. Dividends are discretionary....

Exactly - so why the crying?

[tiggat]

So you're still not telling me the legislation.

And those points are still flawed. The debt cap was introduced 2012 - after the problem. And it caps debt, not prevents them from building.
Council houses aren't supposed to be an investment. The investment limit was to prevent councils doing bad things with money. I cannot find the law (it's your argument you find the legislation).
Revenues - that's a fair point that it limited building by councils. They have other sources of money, and very little from right to buy any more so that's a duff argument.

None of these stop councils from building, and none of these prevent more houses from being built. There's enough demand, and money, for more houses but no planning permission. I can find you acres and acres of land ready for houses, that the owners would love to get permission for. And councils would have the same issue as private developers. as they still have to go through their own planning procedures.

https://en.wikipedia.org/wiki/Right_...tcher_policies

Half the proceeds of the sales (of council houses to their tenants) were paid to the local authorities, but they were restricted to spending the money to reduce their debt until it was cleared, rather than being able to spend it on building more homes. The effect was to reduce the council housing stock, especially in areas where property prices were high such as London and the south-east of England. This trend was exacerbated by a government imposed ban on local authorities using their revenues from council house sales to fund new housing.

If councils can't borrow for the purposes of housing construction, due to caps or restrictions on the use of money, imposed in the 80s (Local Government and Housing Act of 1989) not 2012, how are they to be expected to build houses? I don't understand how you class caps on council borrowing as not being legislation.


There are numerous pieces on how homes with planning permission are left unbuilt because they can't be financed due to restrictions on financing council housing:

http://www.bbc.co.uk/news/uk-england-23790071
https://fullfact.org/economy/are-400...lying-unbuilt/
https://www.localgov.co.uk/The-numbe...ord-high/40098
http://www.bbc.co.uk/news/uk-41324305

[tiggat]

I don't think there's a fight really.

Tiggat sort of has a point but it's a fledgling nugget of thought, that will eventually turn into an understanding of the complexities and challenges of the UK housing market.
It's just not very well articulated as too many Momentum videos have softened the grey matter into thinking that all problems will be easy to solve once Comrades Corbyn and McDonnell are in charge.

EDIT: I blame Brexit. Just because.

Is the above legislation not enough evidence for you? Or have reading the tabloids for too long depleted your ability to do anything other than moralise?