Angela Rayner proposes stricter Right-to-Buy reforms despite personal profit from the scheme
1 year ago | 7 comments
Speculation mounts over Angela Rayner’s future as Housing Secretary
12:03 AM, 27th May 2025, 11 months ago
14
Rumours are swirling about Angela Rayner losing her job as Housing Secretary.
In the Sky News podcast Politics at Sam and Anne’s, political commentator Sam Coates claims there is talk within the government of stripping Ms Rayner of her housing brief.
The news comes after a leaked memo, seen by The Telegraph, revealed Ms Rayner had pushed for a tax raid on savers. The memo also follows mounting calls from Labour MPs to impose new taxes on landlords.
Angela Rayner will fight tooth and nail to keep housing brief
Sky News political commentator Sam Coates, says Angela Rayner is expected to “fight tooth and nail” to keep hold of her housing brief.
Mr Coates says he has heard there is “some kind of memo, maybe from an outside organisation, circulating within government” proposing that housing responsibilities be removed from Ms Rayner’s department.
Politico’s Anne McElvoy echoed this, saying she has also caught wind of “scuttlebutt around Whitehall” suggesting housing might be taken out of Rayner’s portfolio.
Too little cash to deliver Labour’s flagship policies
Alongside the rumours of Ms Rayner’s future, Mr Coates claims one of Labour’s flagship policies, to build 1.5 million homes, will only happen if Chancellor Rachel Reeves delivers in the upcoming June Spending Review.
He said: “I was told by a very senior figure in Angela Rayner’s department that they will only meet the 1.5 million homes promise if they get a generous settlement in the upcoming Spending Review.
“Angela Rayner is facing the prospect of having too little cash to deliver one of Labour’s flagship policies.”
McElvoy added that the swirling speculation could in fact work in Ms Rayner’s favour, for asking the Treasury for more funding for housing.
Despite the government denying that a reshuffle will happen, McElvoy says “there does seem to be quite a lot of work going on behind the scenes.”
Tags:
Angela Rayner, Angela Rayner Housing Secretary Speculation, housing brief, Housing Secretary, Labour Housing Policy UK, labour party, Landlord Tax, Rachel Reeves, Sky News, Taxes on Landlords UK, UK Housing Department Reshuffle Rumours
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Member Since October 2020 - Comments: 38
9:56 AM, 31st May 2025, About 11 months ago
Reply to the comment left by Peter Fredericks at 27/05/2025 – 10:25Agree with you about it all EXCEPT you seem to trust that Reform would do something more. We can all solve the world’s problems in theory, but don’t put your innocent trust on the exciting future with them before checking up a bit will you? The voting record of Reform’s 5 MPs on YouWorkForUs shows that 3 of the 5 Reform MPs haven’t voted on any key issues (planning, housing etc) since being elected. As they’re now among the most powerful people in the country, you can be pretty sure they’re not nearly as worried as you and me about the issues we are upset .about. Or else they are all talk and no trousers and honestly wouldn’t know what to do if you paid them. As indeed you and me ARE paying them…….oops….
Member Since January 2023 - Comments: 317
9:04 AM, 1st June 2025, About 10 months ago
Reply to the comment left by Beaver at 28/05/2025 – 09:57
In the Rep of Ireland they got rid of Interest rate relief about 15 years ago and have been backtracking since they realised the decline in PRS that they now have incentives to entice LLs back.
Tax relief for landlords In Rep of Ireland…
You can deduct the interest on mortgages used to purchase, improve or repair rented residential property when working out your rental income for tax purposes.
You must show that you have registered all tenancies in the property with the Residential Tenancies Board (RTB). Interest can only be deducted during the period in which the property is let.
The amount of interest you can deduct on these mortgages has increased in recent years:
Before 2017, it was 75% of the interest
In 2017, it was 80% of the interest
In 2018, it was 85% of the interest
From January 2019, it is 100% of the interest
Interest is treated as accruing on a daily basis and the date the loan was taken out is not relevant.
So when Labour crash the PRS economy the next non labour government in 2029 will have to pick up the pieces and it wont be an easy fix.
Member Since January 2023 - Comments: 317
9:07 AM, 1st June 2025, About 10 months ago
Reply to the comment left by Crouchender at 01/06/2025 – 09:04Report from Rep Of Ireland Government post changes
https://www.rtb.ie/about-rtb/news/working-group-on-tax-fiscal-treatment-of-rental-accommodation-providers-pub-1
Member Since May 2018 - Comments: 1999
9:57 AM, 2nd June 2025, About 10 months ago
Reply to the comment left by Crouchender at 01/06/2025 – 09:07
That’s interesting thank you. I didn’t know that policy had changed. You might find this interesting:
https://www.tcd.ie/Economics/assets/pdf/MScEPS/Money%20and%20Banking/moneynamking%20week12.pdf
It’s about the rise and fall of the “Celtic Tiger” and about how the property bubble in Ireland contributed to its economic fall.
The eighth slide in this presentation says this about the Irish “Celtic Tiger” phenomenon.
Phase 2 – The Fall of the Celtic Tiger:
2001-2013
• Budget 2002 provided the tax incentives to re
ignite the property market.
• The growth in building and construction
suggested that a second phase of the Celtic
Tiger had emerged.
And the ninth slide says this about the rise and fall of the “Celtic Tiger”.
Characteristics of the Irish ‘bubble’
environment
Property Market Fever – Human psychology. The
leveraging of hope, the belief that all can be wealthy.
Herding by transactors
Little or no regulation from the Central Bank of Ireland,
the Regulatory Authority, the Department of Finance, and
the European Central Bank.
Groupthink – ‘This time it is different’. The official belief
that the economy would continue to grow, the property
market sector would continue to be the driver. At worst, if
there were problems, there would be a soft landing.
9
• The Irish banks, with first time access to an
apparently infinite pool of credit, engaged in
Ponzi financing with the builder/developers.