John McDonnell back-pedals on Right to Buy

by Property 118

9:49 AM, 18th November 2019
About 3 weeks ago

John McDonnell back-pedals on Right to Buy

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John McDonnell back-pedals on Right to Buy

The Shadow Chancellor, John McDonnell, appears to have dropped his proposals for giving tenants of private rental properties the ‘Right to Buy’ at a central government imposed discount termed as a ‘fair price’.

McDonnell has told the FT he now thinks the policy would be unworkable and that it would not be included in the general election manifesto due to be launched later this week. Advisors for Labour pointed out that the so called ‘fair price’ would be challenged by landlords through the courts  and hadn’t taken into account properties in negative equity.

However, be careful, being dropped for potentially breaking the law of property and human rights is not the same as being a popular idea amongst the radical left wing in the Labour party.



Comments

Gromit

10:11 AM, 18th November 2019
About 3 weeks ago

Just because they put on the back burner, don't think that it wouldn't be introduced during a Labour Government.

Chris Harris

10:22 AM, 18th November 2019
About 3 weeks ago

Gromit- I agree. You can't trust politicians in general, but to believe anything this man or his cronies say would be extremely foolhardy. imho

Hardworking Landlord

10:42 AM, 18th November 2019
About 3 weeks ago

Quite frankly the economy is wrecked if they get in anyway! I am not surprised this has been dropped as I heard Labour MP's pushing back on it in interviews. It's actually more concerning that it has been dropped as it was clearly unpalatable to voters (and labour MP's) and so could well return once they get into No.10.
I think what would be great though is if they nationalised Dominoes Pizza, because surely free Pizza for all on a Friday is a human right isn't it?

Whiteskifreak Surrey

10:51 AM, 18th November 2019
About 3 weeks ago

Reply to the comment left by Hardworking Landlord at 18/11/2019 - 10:42
I would re-nationalise Costa Coffee - free coffee to everyone on Monday morning!
Frankly speaking - reading the list of La la/ Utopia Land plans begs for a question - is it still worth living here? I hate Brexit, but out of two devils, it is better than Communism/Marxism/Socialism.
But who knows - free pizza on Friday and Costa on Monday may swing a lot of votes....

Gromit

11:04 AM, 18th November 2019
About 3 weeks ago

Do have some sympathy for Labour they are struggling. The benefit careerists already receive free accommodation, food, Council tax, beer, fags, Sky, iPhones, broadband, dental care, etc under the current Government, so poor old John McDonnell has a hard job to top that.

Laura Delow

13:19 PM, 18th November 2019
About 3 weeks ago

We should not fault people for pursuing great wealth. There is nothing wrong with a person trying to make as much money as they honestly can. They should be applauded not punished. Imagine a world where all mankind is equal i.e. exact same income received from the State no matter what job you do & all living in identical homes. There's no running water so family members have to walk on average 3.7 miles and carry 5 gallons every day to bring clean water home to their families. However a particular village member (let's call him Bert) decides to save some of his income & after a few years has enough money to buy tools & pipes to build a water supply network to his house & although it takes up all his spare time to build, he eventually has daily running water to his home. The other village members see this & ask if they can use Bert's network. Bert agrees to this for a small fee. Over time everyone in the village is paying a nominal fee to Bert to get their daily water & Bert becomes a wealthy individual & is now able to buy bricks & tools to extend his home. The other villagers become envious of this & think it unfair that Bert's family has a bigger home than them. The State agrees & decides Bert's wealth should be redistributed to the masses & levies taxes on Bert's fee income & a wealth tax on his property. Over time these taxes increase to the point where Bert feels it's not worth his time & energy in maintaining the water supply network. The State yet again succeeds in turning Bert in to one of the masses. The water supply network is now in disrepair & the State does not have enough money to maintain it. This is how to create a dumb nation by dragging everyone down to the same level!!!

Michael Barnes

13:44 PM, 18th November 2019
About 3 weeks ago

Reply to the comment left by Whiteskifreak Surrey at 18/11/2019 - 10:51
That does nothing for us out in the sticks.

I won't vote for them.

Whiteskifreak Surrey

14:08 PM, 18th November 2019
About 3 weeks ago

Reply to the comment left by Michael Barnes at 18/11/2019 - 13:44
You meant Tories or Labour? Or neither?

sheridan whiteside

15:38 PM, 18th November 2019
About 3 weeks ago

McDonnell just trots out the usual shameful Marxist rubbish,youd think 150million deaths in the 20th century would make them rethink,or maybe they think its worth another try.Anyway private landlords appear to be the modern day kulaks,because obviously anyone who has a crumb more than someone else is clearly a greedy tyrant exploiting the poor for personal gain

Dave Driver

16:32 PM, 18th November 2019
About 3 weeks ago

Back-peddles?
Surely this should be back-pedals.

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