TAP affordable housing campaign BLOG 2 Incentives for wealthy to speculate in UK land run riot over nations needs
TAP affordable housing campaign BLOG 2.
Governmental cash incentives for the wealthy to speculate in the UK land market continue to run riot over the nations needs.
In our second blog in the series of nine Why Theresa May’s Housing Plan will fail, and what can be done about it Fred Harrison, Executive Director of the Land Research Trust, shows how governmental cash incentives for the wealthy to speculate in the UK land market continue to run riot over the nations needs. The £5 billion promised by Theresa May for house building will go straight into the pockets of people who already own land allowing the rents of tenants to go ever higher. He explains how "What economist call rent seeking" is undertaken by the already wealthy and powerful to take for themselves the unearned increase in the value of land, which is in short supply, to the economic disadvantage of the salary earning tax paying or pension receiving population of the UK. BlLOG 3 by Danny Dorling will be published on Friday 21st October
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