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Starmer's benefit Britain !!

BERLIN (Reuters) -The German government on Wednesday proposed a law to extend rent controls in an effort to make housing more affordable, following through on a key pledge of the new coalition government under Chancellor Friedrich Merz.

The measure, which extends the price controls by another four years through 2029, is fiercely opposed by property industry executives.

The eurozone interest rate cut to 2.5%. the purpose to stimulate economic growth, ours is nearly double, 4.5%, and its a conservative led administration.

Some ideas for you Sir Keir.

You certainly need them.

😎
 
steeleye20 said:
BERLIN (Reuters) -The German government on Wednesday proposed a law to extend rent controls in an effort to make housing more affordable, following through on a key pledge of the new coalition government under Chancellor Friedrich Merz.

The measure, which extends the price controls by another four years through 2029, is fiercely opposed by property industry executives.

The eurozone interest rate cut to 2.5%. the purpose to stimulate economic growth, ours is nearly double, 4.5%, and its a conservative led administration.

Some ideas for you Sir Keir.

You certainly need them.

😎
Click to expand...
A number of neo-classical and Keynesian economists say that some forms of rent control regulations create shortages and exacerbate scarcity in the housing market by discouraging private investment in the rental market. In addition, there would be a dead weight loss and inefficiency since some of the loss due to price ceilings is never gained again.

In 1971, the Swedish economist Assar Lindbeck, a housing expert, said that "rent control appears to be the most efficient technique presently known to destroy a city – except for bombing"

In a 1992 stratified, random survey of 464 US economists, economics graduate students, and members of the American Economic Association, 93% "generally agreed" or "agreed with provisos" that "A ceiling on rents reduces the quantity and quality of housing available."

Classic case of ideological nonsense over reality, rent control never works unless in somewhere like North Korea whete there is no private owndership of basic housing.

Interest rates are basically a political decision , the BoE gets it wrong all the time.

German economy on a steady decline , the UK will follow under this economically inept government
 
Jacey said:
www.telegraph.co.uk

Foreigners claim £1bn a month in benefits

Eight weeks of payments to households with foreign national enough to wipe out winter fuel cut savings
www.telegraph.co.uk www.telegraph.co.uk
Click to expand...
It's upsetting, but the current government cannot really take the blame for this. They won't likely be people who have just turned up. They will have arrived and been given benefits by the Tories.
That's not to say the current government is blameless. They need to grow the balls to do a couple of things. One is, there is no automatic right to benefits as far as I'm aware. That needs to be policed. I think you need to work for two years - how are these people exempt from that? The other is to kick those out with deportation orders immediately.
 
HKOwen said:
A number of neo-classical and Keynesian economists say that some forms of rent control regulations create shortages and exacerbate scarcity in the housing market by discouraging private investment in the rental market. In addition, there would be a dead weight loss and inefficiency since some of the loss due to price ceilings is never gained again.

In 1971, the Swedish economist Assar Lindbeck, a housing expert, said that "rent control appears to be the most efficient technique presently known to destroy a city – except for bombing"

In a 1992 stratified, random survey of 464 US economists, economics graduate students, and members of the American Economic Association, 93% "generally agreed" or "agreed with provisos" that "A ceiling on rents reduces the quantity and quality of housing available."

Classic case of ideological nonsense over reality, rent control never works unless in somewhere like North Korea whete there is no private owndership of basic housing.

Interest rates are basically a political decision , the BoE gets it wrong all the time.

German economy on a steady decline , the UK will follow under this economically inept government
Click to expand...
Interesting, as all of those things have happened in Ireland. Controls have been poorly thought out and implemented.
The basic problem being the ultimate lack of supply vs demand - which is what? Basic market forces.
So intervention is required, something like the fifties/ sixties council flat boom. I always find it quite hilarious that when our countries were totally skint, we built loads of state owned homes. Yet, since we've been comparatively well off as countries, we've built none. In fact, we've actively reduced our stocks, plus brought in loads of regulations and reduced local government's capacity to do anything at all.
One would wonder if the housing crisis were manufactured? Then you look at how many politicians and donors are landlords and you can draw your own conclusions.
 
ASCPFC said:
Interesting, as all of those things have happened in Ireland. Controls have been poorly thought out and implemented.
The basic problem being the ultimate lack of supply vs demand - which is what? Basic market forces.
So intervention is required, something like the fifties/ sixties council flat boom. I always find it quite hilarious that when our countries were totally skint, we built loads of state owned homes. Yet, since we've been comparatively well off as countries, we've built none. In fact, we've actively reduced our stocks, plus brought in loads of regulations and reduced local government's capacity to do anything at all.
One would wonder if the housing crisis were manufactured? Then you look at how many politicians and donors are landlords and you can draw your own conclusions.
Click to expand...
If the housing and rental sectors were allowed to have the market respond to demand and set prices, rather than being tied up in controls, over-regulation and subsidies, supply would increase and prices drop. All the government planning and intervention has caused housing shortages, high prices and high rents.
 
Badger11 said:
Most people agree with building more affordable housing, but just not in their backyard.
Click to expand...
Where I live there is constant building, a percentage of which is "affordable" which is a slight misnomer or what happens to the unaffordable housing?.
The main concern is around school places and doctors & dentists waiting times.
 
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