Speculation mounts over Angela Rayner’s future as Housing Secretary

Dare it be said that we do not need any more homes? Reform UK rightly seems to think that there are millions of immigrants in England illegally or who just do not need to be here, if we trained up our own people properly. We do not need millions more homes building. We need to look at the demand side of the equation by cutting demand and not focus all the time on an alleged lack of supply.
Here in North Yorkshire the whole rural ethos of many of our villages has been destroyed by the Tories allowing house building on a massive scale, virtually none of it in keeping with the rural vernacular. The whole ethos of the county is being destroyed whilst we watch on powerlessly at the devastation done.
We need a democratic voting system – one person one equal voted of EQUAL value – to enable us to vote for whom we want and to get rid of this treacherous and failed established political class, Labour and the Tories.

Leaving aside the issue of illegal immigrants for now (although of course both illegal immigrants and legal economic migrants have ALWAYS competed for the supply of private rental accommodation) the important part of this announcement is “Angela Rayner is facing the prospect of having too little cash to deliver one of Labour’s flagship policies.”

Of course Angela Rayner has too little cash to deliver on one of Labour’s flagship policies. Every time labour (and the SNP) interfere in the Private Rented Sector they drive rents up for tenants and make life worse for them. Every time they penalise investors for investing in housing (particularly small-portfolio landlords) they have a negative effect on the supply of housing at a time when it is scarce. And putting up the minimum wage and employers’ national insurance makes it hard to build houses.

You can’t have it both ways. If you want money to build houses then you can’t afford to penalise investors from investing in housing, or scare investors off with the prospect of more left-wing anti-investment policies.

The balance sheet in the UK economy is underpinned by its residential housing stock. The engine of the economy is the small business sector….that’s where most people are employed and where most growth in employment comes from. And the majority of the tax-take comes from high net worth individuals….the sort of people who are being driven offshore, or if they still run UK-based businesses are now having to retrench as a response to labour’s policies if they can’t get their assets offshore. Labour is attacking all three areas so that it can continue to pay public sector workers above inflation pay rises.

Labour is simultaneously attacking the country’s balance sheet, its profit and loss account and its economic future. Labour’s economic policy is economically incoherent. Of course Angela Rayner doesn’t have enough money to build houses.

please let this be true! Perhaps this will start a domino effect…

Reply to the comment left by Reluctant Landlord at 27/05/2025 – 12:10
This was my initial reaction, but if true and Angela goes, which other imbecile will she be replaced by?

Reply to the comment left by Freda Blogs at 27/05/2025 – 13:04
hardly matters really – same circus, different clown,
but this will bring is more instability, uncertainty and inevitable delays. At some point they have to drop some of the plates they are spinning…(even if they wont ever admit it)

if she knows herself she can’t deliver on the promise she made, and Rachel from Accounts is going to (happily?) shaft her funding she might be happy to get rid of the poison (1.5M) housing brief chalice.

I suspect she may be cosying up to matey 2TK to ask for a ‘promotion’ to another dept or to focus on a new ‘key priority’. This leaves another person to head the 1.5M doomed task, and to deal with the flack when they clearly wont be able to deliver in light of the new spending review they are now dreaming up.

Red Ange finds a sacrificial goat to saves her own skin?

Reply to the comment left by Freda Blogs at 27/05/2025 – 13:04
Almost certainly it will be Matthew Pennycook who has been responsible for making the terms of the Renters Rights Bill even more penal for landlords so I wouldn’t expect any relaxation of Rayner’s ambitions from him.

Reply to the comment left by Old Mrs Landlord at 27/05/2025 – 16:35
Matthew Pennycook did say during one of the RRB debates that BTR were doing a great job and that they will fill the gaps left by private landlords as they exit the market.
It will be more of the same if Angela is replaced and we have four more years of this to look forward to.

Whoever is in charge will crash the PRS economy. Even Rachel from accounts will be changing LL taxes in Autumn and by that time RRB will be law so LLs wont be able to exit fast anymore to escape 40%+ CGT lock in.

Lock at Ireland it’s dire out there for tenants and their government is back tracking on the penal taxes on LLs but they are only making tax tweaks which won’t repair PRS after they crashed it.

Reply to the comment left by Crouchender at 28/05/2025 – 07:10
I’m not up to speed with what’s going on in the PRS in Ireland. So is Ireland worse for tenants than SNPLand then?

Both Rayner and Pennycook have taken on more than they can chew. It is almost a year and plans for building anything.Its clearly a pipe dream of theirs. The builders are there to make profits. The government don’t have any money, always blaming Tory’s. When would they become independent of the Torys? In 4 years, more landlords will disappear.
I have sold one at asking price recently to a cash purchaser, who wishes to buy more. Second one, when works completed will be sold this year. Three properties are planned to be sold this year. Then 2 more when fixed rate mortgage completes within 3 years.
This government was going to smash the illegal immigrants gangs who bring so many people in this country. But the Labour seems to have opened the gates, providing accomodations in hotels, no work for them. Get rid of illegal immigrants, then no need for housing. Why government don’t want to buy existing stock from the PRS at market prices as building prefabricated is pricey and can take time.