Showing posts with label Matthew Lynn. Show all posts
Showing posts with label Matthew Lynn. Show all posts

Monday, 30 November 2015

Ouch that hurt, but let's try again...

Torygraph hack Matthew Lynn has found some interesting stats on housing in Europe:

* The UK is now fourth from bottom of all 28 member states for homeownership
* 96% of Romanians live in owner occupied housing
* The average British home is now 96 square metres, the smallest in Europe

He suggests we might like to worry that the disenfranchised might turn to "populist, brain-dead redistributionist politics of the sort pushed by Jeremy Corbyn". But fear not, for Mr Lynn has a populist, brain-dead redistributionist solution of his own:

  ... why not re-introduce mortgage interest tax relief, abolished in the 1980s? That was the one policy that kick-started home ownership and it makes getting on the property ladder dramatically more affordable.

One last roll of the dice?  They wouldn't, would they?