Who do you think you are kidding Mr Cameron… | SPeye Joe (Welfarewrites)

Well put, Joe.

Nice of Cameron to label council housing and sink estate which is no change in the usual Tory narrative.

The Government will put in £140 million and then expect (ahem!) private money and institutional investors such as pension funds to contribute the rest.  Yet Andrew Neill on the BBC Sunday Politics said he had looked in depth before for institutional investment in social housing and it comes so far to a big fat ZERO!

Then a very readable article by Jayne Linney today says that where this programme of demolition has been tried before only half of the previous council housing is replaced – the other half being private rent or private sale.

So if the top 100 council estates – the failing sink estates in Cameron’s deliberately engineered jargon – each have 500 properties, this first phase sees 50,000 council houses demolished and replaced with just 25,000 and a net loss of 25,000 council and therefore genuinely affordable properties are lost.

Yet, if the institutional investment does not flow, which is improbable, will the £140 million government funding merely pay for 100 council estates being demolished simple leaving available land but no funding for council or other social housing and then all be used for private rent and private sale?

Read more: Who do you think you are kidding Mr Cameron… | SPeye Joe (Welfarewrites)

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7 thoughts on “Who do you think you are kidding Mr Cameron… | SPeye Joe (Welfarewrites)

  1. tiggysagar

    Why is the font so tiny in this article and in italics? I can hardly read it! Don’t think those reading it on their phones will stand much chance.

    1. Mike Sivier Post author

      It seems to have been because Joe put his observations in a numbered list. I’ve removed the numbering and the font size has increased.
      Idiosyncracies of WordPress, I imagine.

  2. John Gaines

    When the Tories talk about ‘funding’ Housing they actually mean stealing them and passing them along to their ‘Friends’ –meanwhile their master plan for Land Enclosure gains momentum.

  3. David

    Well, of course we pay for and subsidise the private sector in such ventures. Same old story: Capitalism for the poor, Socialism for the rich.

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