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Torygraph - Help To Buy Facing the Axe?...

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From the first few unpaywalled paragraphs it sounds like the government are considering modifying HTB rather than scrapping it. Maybe it will be limited to first time buyers.

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Modifying or extending?

http://www.dailymail.co.uk/news/article-6122977/Ministers-fear-Help-Buy-scheme-pushing-house-prices.html

"However, the Daily Telegraph has revealed that ministers are weighing up a temporary extension to take it beyond 2022, though it could be a restricted version of the scheme."

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Perhaps it's so that when prices crash as a result of a completely cocked up Brexit, the evil witch can parrot "not my fault I did everything possible to prop up house prices....... but...... Brexit means Brexit".

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They know it’s not helping create new Tory voters because it is only benefiting the already affluent. The question is, will scrapping it destroy more existing Tory voters than keeping it will hinder creating new ones?

I think Tory policy wonks are going to be grappling with this question quite a lot over the coming months and years.  

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7 minutes ago, Ghostly said:

The Tories won't do it, it will screw their housebuilding company mates.

But what’s the alternative for their house building company mates? A Corbyn government? So the question is now one of votes. 

One of the positive things about having a more pronounced split between the parties is that it arguably lessens the power of corporate interests on the Tories. Their own survival trumps everything. 

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8 minutes ago, Bear Goggles said:

But what’s the alternative for their house building company mates? A Corbyn government? So the question is now one of votes. 

One of the positive things about having a more pronounced split between the parties is that it arguably lessens the power of corporate interests on the Tories. Their own survival trumps everything. 

Agreed. 

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2 hours ago, Tenant4Life? said:

Modifying or extending?

http://www.dailymail.co.uk/news/article-6122977/Ministers-fear-Help-Buy-scheme-pushing-house-prices.html

"However, the Daily Telegraph has revealed that ministers are weighing up a temporary extension to take it beyond 2022, though it could be a restricted version of the scheme."

Hmm. Decent chance that the Tories will be out in 2022 if not sooner.

Whenever ministers are implementing a policy they know is bad they always call it "temporary".

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Where have all the Tory fanboys gone? This site was crawling with them in 2009, telling us all how Cameron and Osborne were going to finally let market forces clear out the mess from the Labour years. Then we got Help to Buy under Cameron and now May is considering extending it.

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6 minutes ago, Dorkins said:

Where have all the Tory fanboys gone? This site was crawling with them in 2009, telling us all how Cameron and Osborne were going to finally let market forces clear out the mess from the Labour years. Then we got Help to Buy under Cameron and now May is considering extending it.

that should be "extending it AGAIN", she has already done it once.

 

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31 minutes ago, Dorkins said:

Hmm. Decent chance that the Tories will be out in 2022 if not sooner.

Whenever ministers are implementing a policy they know is bad they always call it "temporary".

Temp to perm: QE, emergency interest rates, Help to Buy, the Term Funding Scheme, PPI compensation.

I'm sure there are many more.

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14 minutes ago, Dorkins said:

. Then we got Help to Buy under Cameron and now May is considering extending it.

Yes indeed, found this on twitter....care of Henry Pryor...

Henry Pryor‏Verified account @HenryPryor

"...Telegraph thinks it will be scrapped but The Times has another view. #Help2Buy May live to fight another day.."

https://www.thetimes.co.uk/article/housebuilders-bet-on-extension-of-controversial-help-to-buy-scheme-hcpm9ksbl

"Leading housebuilders think the government will bow to pressure to extend the controversial Help to Buy scheme, which has boosted sales of new homes ."

 

 

 

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Quote

But developers today warned the Government that scrapping the programme could prove devastating for the construction sector and housing market generally.

David O'Leary of the Home Builders Federation told the Sunday Telegraph: "As well as supporting hundreds of thousands of first-time buyers on to the housing ladder, Help to Buy has driven unprecedented growth in housing supply since 2013. Builders continue to invest in new land and labour to build more.

https://www.thesun.co.uk/news/7156747/help-to-buy-could-be-scrapped/

In case there is any delusion about its true purpose.

 

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2 hours ago, Dorkins said:

Where have all the Tory fanboys gone? This site was crawling with them in 2009, telling us all how Cameron and Osborne were going to finally let market forces clear out the mess from the Labour years. Then we got Help to Buy under Cameron and now May is considering extending it.

It’s the libertarians that have gone quiet. I guess it’s the realisation that populist policies on both left and right (in both Europe and the US) are veering us towards more rather than less government intervention. Help to buy being a good example. 

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3 hours ago, Dorkins said:

Where have all the Tory fanboys gone? This site was crawling with them in 2009, telling us all how Cameron and Osborne were going to finally let market forces clear out the mess from the Labour years. Then we got Help to Buy under Cameron and now May is considering extending it.

Sadly, we were wrong.

These are not Conservatives, Cameron wouldn't understand market forces if you shoved them in his mouth, the heir to Blair, whilst May is just a one trick parrot.

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Political parties/governments don't build homes, they can only give help to others to build and call it help to buy.... a step onto the ladder....a one rung ladder. 😉

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6 hours ago, Dorkins said:

Where have all the Tory fanboys gone? This site was crawling with them in 2009, telling us all how Cameron and Osborne were going to finally let market forces clear out the mess from the Labour years. Then we got Help to Buy under Cameron and now May is considering extending it.

I was one and then reality rudely intruded.

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8 hours ago, Dorkins said:

Where have all the Tory fanboys gone? This site was crawling with them in 2009, telling us all how Cameron and Osborne were going to finally let market forces clear out the mess from the Labour years. Then we got Help to Buy under Cameron and now May is considering extending it.

I suspect many would point to the fact that extending Help to Buy was in Labour's manifesto... https://www.mortgageintroducer.com/labour-guarantees-help-buy-2027/#.W4wru-hKhnk

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5 hours ago, Bruce Banner said:

Sadly, we were wrong.

These are not Conservatives, Cameron wouldn't understand market forces if you shoved them in his mouth, the heir to Blair, whilst May is just a one trick parrot.

They’re Conservatives but not conservatives. And conservatives are not pro free market, that’s liberals (but not Liberals). 

Simple really. 

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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