What exactly was the point of the Coalition policy to turn council houses into ‘affordable’ homes that weren’t actually affordable?

If it was aimed at getting more money circulating through the economy, rather than stagnating in people’s bank accounts, then the Tories and the Liberal Democrats chose the wrong targets.

People in council houses hardly have enough money to support them as it is; forcing them to pay more simply pushes them into poverty and debt.

I know there’s an argument that the Tories have been busily converting national debt into private debt, and this could be a part of that agenda – removing the responsibility for housing from local authorities and forcing tenants to pay extra.

But if people are forced out of their homes because rents have been hiked to unaffordable levels, then nobody gets any money at all. How does that help the economy?

It doesn’t.

We need a government that understands the economy has to work for everyone – or everyone will be harmed.

Labour has unveiled plans to stem the loss of low-cost homes as new analysis reveals more than 100,000 social homes have been converted into a more expensive type of property in the last six years alone.

The party said it would scrap a policy introduced by the Conservative-Lib Dem coalition government in 2012 that forces housing associations and local councils to raise rents by an average of 40 per cent by converting social homes into “affordable homes”.

The announcement is the second to come out of Labour’s review into the future of social housing, which is likely to report in the coming weeks.

Source: Labour announces plan to protect social housing

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