A question about Labour's housebuilding pledge

[andrewducker]

I would love to know whether, when Labour say "We will build houses" they actually mean "We will give actual money to actual housebuilders to actually build actual houses" or if they mean "We will muck about with incentives and then be baffled that housebuilders aren't doing what we rather hoped we would, because it turns out that things are more complicated than that."

Because I hope it's the former, but I really worry it's the latter.

Comments

[danieldwilliam]

It's a payment on account, not a payment of the actual tax due. My thinking is that I want to alter the cashflows. Two reasons to do so. I'd want to incentivise people who want to invest in the passive income rental market to put their cash in to the social housing bond. Particularly smaller investors. Secondly, I want to pull a bit of the froth out of the housing market.