Treasury response to Section 24 report by Dr Rosalind Beck

Treasury response to Section 24 report by Dr Rosalind Beck

15:34 PM, 17th November 2016, About 5 years ago 138

Text Size

Below is the response from HM Treasury to the comprehensive report written by Dr Rosalind Beck on Section 24 of the Finance (No. 2) Act 2015 “the unjust legislation that will make the UK housing crisis much worse.”HM Treasury

Click Here to Download the full report by Dr Beck

Please leave any (polite) comments you would like the Treasury to take on board and we will inform the HM Treasury that real landlords’ views of Section 24 can be found here.

page 1.5.2

Page 2



Comments

by Dr Rosalind Beck

13:52 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Sunita Rickman" at "18/11/2016 - 13:02":

Hi Sunita.
Thanks for your important contribution. I am in the middle of drafting my reply to their absurd letter and have now added some of the points you raised, so thanks for the input. I have added that if they require me to give them further similar case studies to those I provided then I will. Once the letter is finalised I will post it as a new 118 article so that everyone can see how we combat these falsehoods and farcical responses by the Treasury. Theresa May wants us to trust the political classes more, she wants Government to work for the people. Well this is definitely not the say to go about it.

by Pete David

14:02 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Sunita Rickman" at "18/11/2016 - 13:43":

If you think it's bad now, wait until we are forced to either raise rents hugely, or dump our properties..watch this documentary..

No Place to Call Home:

http://www.bbc.co.uk/iplayer/episode/b0803b8x via @bbciplayer

by NW Landlord

14:08 PM, 18th November 2016, About 5 years ago

It's going to be a crisis go epic proportions

by Pete David

14:11 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Dr Rosalind Beck" at "18/11/2016 - 13:52":

Hi, agree with totally. Our property portfolio is our pension. We have nothing else. Our tenants will be facing swingeing rent uplifts or we will sell up. Both parties lose. This recent program shows the current depth of homelessness; just fast forward a few years and this will be like a teddy bears picnic in comparison..

No Place to Call Home:
http://www.bbc.co.uk/iplayer/episode/b0803b8x via @bbciplayer

by Steve Wood

14:13 PM, 18th November 2016, About 5 years ago

Nigel is not against migrants. He is a brilliant articulator and a clever guy who would see this is going to cause havoc. I would say he could be worth meeting. Let's face it, it's not going well lobbying the current political people you have been talking and writing too.

by Sunita Rickman

14:29 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Simon Hall" at "18/11/2016 - 13:40":

Hi Simon

I respectfully beg to differ - I would be considered as being from an Ethnic minority (British / Asian), my parents moved to this country in 1964 & yes I am a landlord But you are making presumptions / assumptions (just like the Elites).

I would like to point out, that I have never previously held any allegiance to Nigel Farage or UKIP & am NOT fully conversant with ALL their policies, from what I do know however, (apart from their policy regarding, subsidies for "renewable energy scams" as they put it ), I think most of their policies, are about bringing democracy back to local & central government & actually listening to the people that they are supposed to represent. So I seem to be in agreement with Most (not all) of their policies.

1) Firstly, your assumption that most landlords are from "Ethnic Minorities" ?? I am presuming that this is an assumption & if not - from where did you gleen this fact ??

2) Secondly, you say that his intervention will be counter-productive, How So ?

Please explain.

by Simon Hall

14:50 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Sunita Rickman" at "18/11/2016 - 14:29":

Sunita,

The whole of the world knows that Nigel Farrage is racist bigot. I myself married to an Asian girl. Mr Farrage has aired racist views about Romanians at the National Television during election debate back in 2015.

For reasons stated above, Involving Nigel Farrage fighting a campaign which involves high level of both Landlords and Tenants who are from Ethnic Minorities would be counter-productive.

by Pete David

14:51 PM, 18th November 2016, About 5 years ago

Let me step in. Nigel's main remit is predicated upon notions of autonomy, which I also agree with. I'm a landlord with a portfolio and not ethnic. Who cares anyway about peoples' backgrounds - I certainly do not. It's this damnable tax we that's the primary issue, and this government's unfair and doom laden trajectory that's going to mess things up for all of us hard working folks. Keep up the good work 🙂

by Simon Hall

14:54 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Peter David" at "18/11/2016 - 14:11":

Peter, this is indeed very scary! The housing crisis are on the verge of getting far worse.

by Pete David

15:05 PM, 18th November 2016, About 5 years ago

Reply to the comment left by "Simon Hall" at "18/11/2016 - 14:54":

It gets worse. If a tenant cannot pay the higher rent the council deems that person as having made themselves homeless. To find the extra £24,000 bill that's coming my way, a lot of my tenants will be blown out the water basically. Some will go to local council but they will be met with "you effectively have made yourself homeless" .. go to the back of the line. Not that there's any council property anyway. It's bad now for housing, - and section 24 is going to set it ablaze.


Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

BECOME A MEMBER