Louis MacNeice
Autumn Journalist
George Osborne wants to further reinforce social housing tenancy as a badge of economic (and moral) failure: Budget to cut housing subsidies for higher earners.
It will also increase demand in an already under supplied mortgaged housing market, while shifting spend from goods and services to servicing debt.
The policy is pure ideology; above average earners in social housing are wrong (they're not making the optimal neo-liberal choice) and need to be shown to be so, while the much greater number of social housing tenants on below average incomes need to be reminded of their place. And all those already mortgaged need the reminder to behave provided by a residualised and stigmatised social housing sector.
Not cheers at all - Louis MacNeice
It will also increase demand in an already under supplied mortgaged housing market, while shifting spend from goods and services to servicing debt.
The policy is pure ideology; above average earners in social housing are wrong (they're not making the optimal neo-liberal choice) and need to be shown to be so, while the much greater number of social housing tenants on below average incomes need to be reminded of their place. And all those already mortgaged need the reminder to behave provided by a residualised and stigmatised social housing sector.
Not cheers at all - Louis MacNeice