Debate Magazine

Ouch That Hurt, but Lets Try Again...

Posted on the 30 November 2015 by Markwadsworth @Mark_Wadsworth

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?


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