To remind you what happened/ right to buy

[morethanpotatoprints]

Just a trip down memory lane from the last conservative gov to do this, in old Thatchers time.
Very shortly after, almost immediately interest rates went from quite low, around 3.5% iirc, to 15.5%.
I would not put it past this gov to do this again if they stay.
I suppose they will want to make up for the extra tax they are taking off the rich. They won't see their rich friends lose money and will give them better return on their savings.
We are doomed, once again. yet people still selfishly admit they will vote for them.

There are multiple threads about this today.

Is this AIBU or the bloody Labour Party official election publication?

And people can't 'selfishly admit they will vote for them'. They can admit that they will, selfishly, vote for them however.

I haven't seen any threads about an increase in interest rates, sorry will look for them.

if people are voting for a party who will make most of the population worse off and placing more in poverty, they are being selfish.

i don't particularly support a Labour govt, or any other tbh. Still making my mind up.

never does any harm to remind folk though, or inform those who don't know.

"Selfishly admit they vote for them"

people are free to use their vote however they damn well please...that doesn't make them selfish or stupid or ignorant...it means that they have chosen to use THEIR vote how they see fit.

the economics for rate rises today are totally different - see www.thisismoney.co.uk/money/news/article-1607881/When-UK-rates-rise.html

Right to buy equals less social housing. Ignore the claims to replace as we heard it all from Thatcher

cestlavie

the economics may be different, but it doesn't mean to say it won't happen.
I seem to remember last time, even though completely different the rise was totally unexpected.
Nobody can predict what will happen as the changes that a new gov brings has new consequences and quite often a different direction to that promised or reported.

he doesnt have to stick to any election promises he makes dont forget that

how many did he keep the last time?

Chicken they broke most of their promises and removed all trace of their pledges off their website and don't like being reminded of what they promised to do.

I don't really understand the hard-on for home ownership tbh.

Let's say they acheives 99% home ownership - what then?

You do realise that right to buy was first punted in 1959 by Labour don't you? It was in their manifesto for the election they subsequently lost.

en.wikipedia.org/wiki/Right_to_Buy

So whilst it was the Tories that brought it in (GLC 1960s) you can't actually blame them for dreaming it up in the first place.

I think interest rates need to rise to stabilise house prices. Not to 15% obviously, but they need to increase

Is this AIBU or the bloody Labour Party official election publication?

It certainly feels like it today! Rich people telling other poor people not to vote for other rich people in case it makes them richer.

Know your place social housing tenants!

Patrician the right to buy wasn't a problem, it was thatcher stopping the councils replacing them, (she banned them from using the funds raised from the sales!). successive governments, (labour and tory) did nothing for social housing which is the reason why house prices are out of reach for most people today. like most of the tory policies, this was a way to make the working class worse off and the middle classes richer.

I would not put it past this gov to do this again if they stay

This site is full of mad anti-conservative conspiracy theories, but this is one of the maddest.

Interest rates going to 15% (for a few days) wasn't a conspiracy against council house buyers, or home-owners generally.

Many people have complained that the low interest rates since 2008 have made the rich richer. Now you want to complain that high interest rates are somehow going to help the rich. Apparently every possible level of interest rates is part of a conspiracy to help the rich.

loa321 I don't think it's just rich people who are saying it's a badly thought out idea.
I'm certainly not rich and I think it's a shockingly bad idea. Affordable social housing is being decimated.

The RTB scheme was a disgrace and backed by Labour. No one replaced the housing stock, Labour had 13 years to replace it but they did nothing either ??

I don't know who i am voting for yet, wont be Labour though, possibly the Tories due to the large social housing build i have going on in my town. Anyone who is going to replace some of the social housing (and actually do it, not talk about it) might have my vote

Theoretican

I'm not suggesting it was a conspiracy against anyone, moreover part of a cunning plan. Just like then the Tories have the same priorities f making the rich richer and the poor poorer. of course it would serve the rich to higher interest rates.
I was not suggesting they went to 15% exactly, but increased on the sale of social housing.