‘Help to Buy’ hijacked by the rich – or do Tories really think £100,000 earners are struggling?

Tories really have strange priorities, don’t they?

They seem to think people earning more than 80,000 a year – those in the top five per cent of earners in the entire UK – are more likely to need help getting onto the housing ladder than the other 95 per cent.

Can you understand that?

At the time of writing – less than an hour into the New Year and several bevvies the worse for wear – all I can suggest is that the Tories have been desperately trying to shore up the finances of this endangered minority of extremely rich people, in case Labour won the election on December 12.

But Labour didn’t win the election. And it’s the rest of us who are endangered.

So my guess is that in reality, the Tories were just pretending to be helping struggling first-time buyers.

They were previously criticised for handing money over to help pay for second homes, remember.

And I predict that many more policies will be presented as helping the poor… and then turn out to be excuses to give cash to people who don’t need it.

Meanwhile the rest of us will go to the dogs.

If you hear any Tory voters complaining, kindly remind them that it’s what they wanted. No – it’s what they demanded. And tell them: Own it.

Government loans to help families onto the housing ladder have been hijacked by rich buyers, new figures reveal.

The loans, part of the Help To Buy programme launched by former Tory chancellor George Osborne, see the government lend up to 20% of the cost of a newly built home to buyers.

But more than 10,000 of the loans have been taken out by households earning more than £100,000 a year, according to figures from the Ministry of Housing, Communities and Local Government (MHCLG).

And almost 16,000 have been taken out by households with an income between £80,000 and £100,000.

Source: Help to Buy hijacked by rich as 10,000 loans handed to £100,000 earners – Mirror Online

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