Reading Borough Council unanimously (all parties, all Councillors) agreed a motion put forward by me in January asking for Councils to be able to borrow to build homes and that all right to buy receipts should be kept to reinvest in housing stock.
I today received this response Reading Borough Council response letter 21 Feb 2018
As expected from this Government, no real response with smoke and mirrors leaving our housing crisis to get worse. Also not a surprise that housing Secretary Sajid Javid, doesn’t really care about Reading’s housing crisis. This is a man who was a director of his brothers £11m buy to let company and who is a landlord himself, he plays an active role on restricting housing supply. His voting record also shows he voted to phase out secure tenancies for the very poorest and voted against a bill that would have ensured properties were fit for human habitation.
The response is short, non specific and dismssisve, much like Tory housing policy. “Local authorities will be able to bid for increases in their caps”. Translated, we’ve kicked this into the long grass and we may help out some of our Tory mates in Surrey. “An additional £2bn to deliver more affordable housing at social rents”. Not quite what Housing Minister Dominic Raab said this week on his “ultras” WhatsApp group when he called for all social housing to be sold off. “You also proposed that local authorities keep all of the money received from right to buy”. At this point the response may as well say F off. But the Tory record on right to buy record is pretty appalling, between July 2016 and June 2017, 12,383 were sold but only 4813 were built. Or in other words, a 62% loss in affordable social housing.
The house price bubble suits the Tories, it suits the landlords amongst them and all of their landlord friends. The entire economic house of cards is built upon the inflated prices remaining high. They have no real interest in increasing the supply via building social housing, ending land banking or speeding up planning permission. Only Labour will do this. Every Tory policy is all about increasing demand (Help to Buy, Cutting stamp duty, help to buy ISA). This may help a few of the current generation get on the housing ladder but more importantly keeps the bubble in tact. A 1945 style approach to our housing crisis is needed, and Jeremy Corbyn will provide it.