The Shame of Britain. Young shredded in inter-generational economic meat grinder

Kennyboy66

BillJones wrote: »

That could only have been a transient effect, though, as it's a very long time now since it's been available. Gordon Brown got rid of it 14 years ago, apparently on the basis that it benefitted the middle classes.

The pooling of allowances was actually abolished by Nigel Lawson in 1988.

The tax relief was reduced to 15% in 1995 under John Major

In addition, there was no increase in the allowance from 1983 to when it was abolished in 2000, so its probably safe to say that all parties were happy for it to wither on the vine.

Why exactly do you think there should be a specific tax relief to buy a house ?

CLAPTON

JencParker wrote: »

Of course ownership comes into it as more people seek to buy as to rent. Why, well I would have thought that obvious - and I'm sure you know but will say it anyway. With no security of tenure, private rentals costing as much as a mortgage, buying a property is a much better choice.

surely rental price are related to demand
and houses prices are related to demand


for any given number of families wanting housing why does the distribution between renting and owning make any difference to prices?

which way do you think it goes

more owner occupiers higher houses price and higher rents

more rental properties then lower houses prices and lower rents

or something else?