Tax is always going to be a thorny issue. But start talking about it in relation to people’s home and you’re on doubly shaky ground. We have given much thought to housing taxation, finding much of it to be clunky and regressive, with sharp cliff edges between different levels, and the wealthy few paying disproportionately less tax than squeezed families.
Mortgage regulation might not sound like the most exciting topic, but it’s vitally important. The way in which banks lend money has a huge impact on house prices, social mobility, even homelessness.
In recent years the devastating impact reckless lending can have on people’s lives has been all too clear. You have to borrow a lot of money to get a foot on the housing ladder and if you can’t afford to pay it back, you may face losing your … Read more