NEW: ‘Help to Buy’ schemes mainly increased affordability for higher earners living in cheap areas, with limited impact on social mobility
🧵 @beeboileau, @lucas_conwell and @levell_peter’s new research examines the impact of Help to Buy on housing affordability: [THREAD]
This person’s home has quadrupled in value and is rented out, presumably at thousands of pounds a month, yet thinks he is a victim of this economy.
People like this extract from our economy, not contribute to it. The country will be better off when this isn’t normal.
The fundamental problem:
58% of voters want public spending maintained or increased.
67% want taxes to stay at their current level or be cut.
In reality, it’s a binary choice. Taxes go up, or spending is cut. That’s it.
New post just out:
"On the edge"
On my unexpected week in hospital and five things I learnt about the state of the NHS.
(Free to read)
https://t.co/454qTFoLVn
EXC: English councils will still be poorer in 2029 than they were in 2010, according to the IfG.
Report finds councils are increasingly providing social care and little else. Libraries, youth services, parks, all falling by the wayside.
https://t.co/CVr2lLQAPX
@prformativcontr @garyseconomics I agree he's good at talking to his base, but is he convincing people on the fence? When faced with reasonable Q's on how to implement a wealth tax, there was nothing. The left needs to be better at being prepared for the holes in their arguements beyond "we'd do it better".
There is a strange phenomenon where people who have to rely on the welfare state for the first time and discover it to be cruel / inadequate immediately assume that it *must* be far more generous for everyone else, rather than it being cruel / inadequate for most people.
Graduate salaries have stagnated while the minimum wage has risen, leading to convergence between the two.
Two decades ago, the median graduate in a ‘graduate job’ had a salary 2.5 times that of a minimum wage worker, by 2023, the typical graduate earned 1.6 times a minimum wage worker.
Birmingham City Council has settled its equal pay dispute at a figure "substantially lower" than the £760 million estimated. Isn't it concerning that Birmingham was required to sell assets of that value based on figures that have now not materialised? https://t.co/nCyfCzwnk0
Reminder that local government is now in a state of collapse because parliament has obligated them to pay for care and didn't cap it, provide cash, or let them raise it.
Some councils paying £30,000 a week PER CHILD for care.