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Housing minister says homeownership dream may be over

Housing minister John Healey says the era of Britons aspiring to own their own home may be coming to an end as people find it increasingly difficult to get onto the housing ladder.

In a speech to the Fabian Society earlier this week, Healey said homeownership had declined for the first time ever from 70.9 per cent of all households in 2003 to 68.3 per cent today but that this was not “such a bad thing.”

He also said that Labour should tackle the culture of parents helping their children onto the housing ladder because it compounds inequality over the generations and is unfair.

Healey said the UK needs a new ownership model of shared ownership arrangements and the ability to sell equity in homes back to the council, housing association or co-operative.

He said the UK will move to a more European model of housing where renting will be a more common option.

He said: “Some point to the recession having shaken people’s desire to invest in bricks and mortar. But in reality, homeownership had been dropping since 2005. And I’m not sure that’s such a bad thing.

“At the moment, up to 70 per cent of the population has their money tied up in property. The proportion was boosted by Margaret Thatcher’s Right to Buy. But you don’t need to be a grocer’s daughter to know that it’s not a good idea to have all your eggs in one basket.

“Yet not even a drop in the housing market can convince people not to use their home as a store of wealth. A recent article in The Telegraph showed that nearly a third of people approaching retirement are still relying on their home to top-up their state pension.

“Not only is this property piggy bank unsustainable, it is also unfair. Because increasingly, those without the property-funded ‘Bank of Mum and Dad’ are finding it hard to buy homes of their own.

“First-time buyers getting parental assistance has doubled in just three years to four out of every five buyers. And the gap has widened during the global recession – the average age of first time buyers with parental assistance has stayed the same during recession, but the average age of a First Time Buyer without the extra money has shot up from 33 to 37 years old.

“And as housing wealth is passed from parents to children, inequality is compounded over the generations. That’s something that a party that believes in fairness should tackle and I’m pleased that finally the Tories are getting the scrutiny they deserve on their inheritance tax plans. A plan that makes Britain more unequal as time goes on, increasing the unearned windfalls that the children of wealthy parents get.”

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  1. What an idiot. What else should parents be banned from providing for their children? Better diet, decent clothes, nicer toys, god forbid an education. Inheritance?

  2. I think this man needs to take a peek at the quality of property which is available to rent!

    I also think he misses the point about home ownership, it is a place to live, not an investment, and everyone dreams of doing what they like with it and hopefully when they retire they don’t need to find the rent.

    The reasons people find it hard to get onto the property ladder are:

    1. The planning system is bust.
    2. The population is exploding.
    3. The supply fails to meet the demand.

    His fellow politicians on the other hand do see their houses as a cash cow.

  3. These socialists make me sick. So parents shouldn’t be rewarded for trying to provide for their own children? At what point is that a bad thing? They keep trying to make life “fair” by screwing over the people who work hard to provide for the people who can’t be bothered to try to succeed. I would like to live in a country where i have the freedom to live my life as i see appropriate within certain boundaries.

    Politicians who went to public school? did they get scholarships for this or had their families historically amassed enough wealth to afford this? The people at the very top, like say the Rockerfellers, have they benefited from handing down wealth, or has each sibling worked from scratch? It doesn’t even deserve an answer.

    As usual in politics they rearrange the facts to draw some bizzare conclusions. I would say its the fact that so many people (myself included) are on such low wages that i could never afford to buy a house without assistance, is the reason that 4 out of 5 have resorted to parental assistance. Why should my parents be to blame for providing for their own children? Shouldn’t parents have the right to chose what to do with the money they have saved and worked so hard for, after all its already been taxed at least once, and in the case of most investments more than once. They could have easily spent all their money on themselves. If i was on the amount of money an MP was paid i could afford a house, and the public purse would also help me out with purchasing a second one!

  4. I expect Mr Healey uses taxpayers money available to MPs to buy second homes to do so instead

  5. John Healey – Idiot. Enough said.

  6. Unbelievable! So people who work hard shouldn’t help their kids now. This type of comment is exactly why labour have no chance of getting in again

  7. This Labour government sickens and disgusts me.
    Roll on when they all get booted out of office

  8. Simply lost the plot. Don’t preach what you don’t practice. Here is your profile Mr Healy (source: The Telegraph):
    Mr Healey’s mortgage interest payments stood at £691 per month in 2008, when he was also making regular claims for food, utilities, phone bills and cleaning.

    In 2007 Mr Healey claimed £1,431 to replace his front door. The taxpayer even picked up the £16 bill for two days’ worth of Congestion Charge payments made by his locksmith.

    His claims in the same year included £7,612 for timber windows, £1,317 for a bed, sofa and shelving units, £95 for a swivel chair from Ikea and £25.98 for four pillows.

    He also claimed £129 for a television, having claimed £299 for a television two years previously.

  9. What parents do with their money has nothing to do with anyone in the Labour Party.

  10. Apparenty it was recently accepted that kids are better going to school after age 5/6 rather than at UK age. The reason this is not done is because it ‘widens social boundaries’ as parents who don’t look after their kids properly continue to damage them for longer-result all of our kids suffer under the lowest common denomenator.

    This is the same old sh1te and it makes my blood boil! These guys have got to go.

  11. “That’s something that a party that believes in fairness should tackle “..
    FAIRNESS!!!!!!!!!!!!!!!
    This man is either delusional or jsut stupid. By implication, his “FAIR” solution would be to inhibit personal choice, deprive children of better quality accommodation and to effectively penalise a parents selfless love for their child. Presumably, as a principle, this should also apply to ANYTHING where some parents spend more money on their kids than other parents?? Maybe he’d prefer a world where we left our children malnourished and ill, poorly educated, and barely clothed while we blow our riches on fags, booze and accountancy fees to help bump up our expenses claims….at least then all the children would be equal. Labour all over – dont focus on raising anyone up, drag everyone down instead. What a mess we have made of our country when views like this actually hold power. So so sad.

  12. Level Playing field! what next a compulsory buy out order for all homes under a certain value allowing the homes to be be re-processed by the banks.

    Or how about Inheritance tax to include bought homes to go back to the State.

    Watch this space some new tax or crazy ruling will be invented in order to make up for the shortfall of revenue from the sale of homes going into the Governments coffers.

  13. So this man thinks it wrong for parents to help children get on the housing ladder with funding or security assistance. I’m not sure if he has children of his own, but I find it hard to believe he would ignore a similar request from them if needed – a case of ‘do as I say, not as I do’.

    I presume he thinks it’s fair for politicians to take money from the tax payer for second homes (or first homes, or both!) along with many other costs – how else would they be able to afford a property in London??!!

    Mmm, I think we have a different view of what is and isn’t fair… perhaps he has been down at ‘Animal Farm’ for too long and has now learnt how to walk standing up!!!

  14. Seriously??

    Excellent – if I work my ***** off, build up a good business, and try to give my own family a decent standard of living and something to pass onto them when I am pushing up the daisies – this is unfair on the “classes” who can’t be bothered to go out and get a job, and get more from the state than they could ever get working.

    Nice! Maybe I should portion part of my earnings to the local people on benefits just to make it “fair”.

    I wonder if John Healey “rents” his home, or whether he has more than one!

  15. “John Healey – Idiot. Enough said.”

    Agreed!

  16. Ridiculous.

    Maybe we should all just work for the good of the state and then get handed our rations.

    As soon as we get this government out with their laughable socialist ideals the better.

  17. It is very easy to comment from a privaleged possition, most rental properties are in the private sector with tenancies of six to twelve months, are our children to become nomadic, being moved on as soon as the private landlord sees a potential profit on the rented property.
    historicaly our parents have moved up the property ladder and bben secure in their home, the next generation will not have that opportunity without help from parents and grandparents, healy should get a grip and engage his brain before his mouth

  18. victoria mitchell 11th December 2009 at 2:58 pm

    I shall let my parents know that they can keep their money and I shall simply get pregnant and put my name on the housing list instead. Would that be more fair for Mr Healy?

  19. what next! No MPs kid will ever live in a council house thats for sure.Labour make me sick they want a fair society so that all the lazy scroungers can have the same as the rest of the population who work hard and pay tax.The same people also bring up their kids to work hard & not rely on the state or expect handouts.
    I am so sick of all this social engineering. COMMUNISM is dead not that it ever worked- will they never learn. If owning a home is not important maybe MPs could lead by example -put their home/S up for sale pay back what they stole from the tax payer then rent a labour government council house travel to work on public transport & send their kids to the local school. Maybe then they would understand what is wrong with Labour. If that fails we should all just shock Healey by saying ok you are right now give us a home.

  20. A couple of points spring to mind.
    1) The desire to own your own home is as strong as it ever was.
    2) The % FTBs getting help from parents has gone up because FTBs buying their own homes has declined enormously.
    3) Don’t stop parents helping their kids because of equality help the ones who don’t have parents to buy their own homes. Deliver equality.

    I am depressed by the rise of attitude “if I have not got it then you cannot have it”.

    I would rather see “I am pleased you have it now I will work to get it as well” and the Government should work for that.

  21. Attacking the Bank of Mum and Dad is a little insane (i.e. you can’t regulate what parents do with their money), however, it is not a god given right of everyone to own a property. It is something people would like to do but this has to be within your means. The whole Mortgage market crashed due to Lenders finding more and more ways to lend to people who shouldn’t have bought a house. With average salaries being approx £23000 and Average house prices upto £195000 the maths was never going to add up in the long term. Lets get some reality in the system and see where we go from here.

  22. This man is a government minister – an MP, which means that people, lots of them, have voted for him. Yet he holds a personal philosophy which is completely alien and even destructive to the society in which we live. How did he achieve office? By deception? Or do we have ourselves to blame by the way in which we have allowed politics to be reduced to sound bites on the news?

  23. How much longer do we have to endure this pathetic government? Just leave us alone and call a General Election.

  24. I think he has a point, I bought my first house by working very hard to save for a deposit of £10,000 – which was ten years ago. If you want your own home you shouldn’t rely on mummy and daddy, (too many do this to fund going to univeristy as it is) work hard and enjoy your rewards. If you want it, go get it – if you don’t stick to renting….simple as that

  25. How have we extended the ‘care in the community’ program to allow a moron like this to not only be allowed into the community but also to try to shape it?!!
    As the great orator Billy Connolly once said’ The desire to be a politician should ban you from getting the job!’
    God help all of us when the election comes because they all seem to be a bunch of self serving shaven Chimps masquerading as human beings!!!

  26. What an absolute pillock. If I want to give my daughter assistance in purchasing a property, I will. No socialist numpty of mammoth proportions will tell me I can’t – if you want to discuss that Mr. Healey, please feel free to contact me.

    Not sure if he has any children, but with comments like this his parents really shouldn’t have bothered either.

    Limp, left-wing lunacy – I wonder why we are in the mess we are in with c*ap like this being spouted by an elected member.

    If children aren’t allowed to use parental assistance, then I presume that MP’s won’t have any taxpayer assistance in doing the same, but for a property they don’t actually need?

  27. And this brain-dead moron is the Housing Minister? God help us! Bernard Madoff for the Treasury at the next Cabinet Shuffle?

  28. From his website:

    About John
    John was appointed housing minister at the Department for Communities and Local Government (CLG) on 5 June 2009, having first joined CLG as local government minister on 29 June 2007. Shortly afterwards he became responsible for coordinating the Government’s contribution to the recovery from that summer’s floods.

    He was appointed Financial Secretary to the Treasury in May 2005. He had previously served as Parliamentary Under Secretary of State for Adults Skills at the Department for Education and Skills and, prior to that, as a member of the Education and Employment Select Committee and Parliamentary Private Secretary to Chancellor of the Exchequer. He has been Member of Parliament for Wentworth since 1997.

    John was born in Wakefield and educated at Lady Lumley’s Comprehensive School, Pickering, and at Peter’s School in York and Christ’s College, Cambridge. He worked in the voluntary sector from 1984 to 1990 with the Royal National Institute for the Deaf, the Royal Association for Disability and Rehabilitation and MIND campaigning to improve rights and services for disabled people.

    From 1990 to 1994 John worked in communications for Issue Communications, a PR company, and the MSF Union. He was Campaigns Director for the TUC from 1994 to 1997. He has also been a part time tutor at the Open University’s Business School.

    John is married with one child.

    Enough said – not from a privileged background himself, then? Hypocrite. No doubt trying to grasp votes in South Yorkshire…..

    Wouldn’t be so bad if he’d actually had a proper job.

  29. Which planet do these idiot Labour people come from?. It’s definitely not planet earth. It was this government that promoted home ownership & debt accumulation generally to the degree of turning a blind eye to unsustainable levels of borrowing & pretty much bankrupted the country. Now they say renting is the way forward. Are they going to pay the rent for all the additional renting pensioners this would create who will have no private pension income to pay it themselves once they retire, who otherwise would be living in their own property “rent free” after paying off the mortgage?. I know the Tories can’t wave a magic wand & make it all go away but these Labour loonies have got to be shown the door for not only destroying our industry but our country along with it.

  30. New Labour to New Communist in one.
    Just proves the conspiracy theorists that this recession and particularly the property crash is like Heaven to these dinosaurs.

  31. Perhaps instead of pointing the finger at parents who’ve probably worked hard all their lives and wanting to help there kids get into the property market. Healey should start looking at the greedy individuals buying extra properties as an ‘investment’ and those buying second/holiday homes. It’s these people helping to create the shortage which is driving prices up which means the only recourse left to most individuals who want to buy a property is to turn to their parents for help.

  32. The impending house price crash will sort out the little affordability problem, while the impending election will sort out the little “idiots in charge” problem.

  33. How did you get your first home Mr Healey? oh I see, you did not need the bank of mum & dad you had the bank of stupid taxpayers!
    I am sure you do not use it as a “store of wealth” though. No that store comes from your expense account. Try living in the real world for a while. We can see where the fsa get their ideas from.The ruling classes seem to think if they suggest it, it has to be right.Get out now & good riddance.

  34. John Healy, who is this dinosuer of a man. I thought most of the hard core extreme lefties had converted back to reality.

    There has been a decline in house ownership by 3.5%. We have just been through a very severe recession. What would you expect.

    Healey states that is a good thing. We should all be liviing in rented property. I bet you he does’nt, ask him.

    Parents helping children creates inequality? There will always be ineqality, that is life. I wise old friend of mine once said;

    You could add up all the money in the world, distribute it to everyone in equal amounts We would all be equal at that moment in time.

    Come back in ten years time and the then rich would be rich, abd the then poor would be poor.

    C’est la vie.

    Jack Morris
    Corporate Consuiltants

  35. What he really means is that he wants parents to use this money to keep their kids n education paying University fees to keep them off the unemployment register. Having a daughter at Uni is costing us a fortune but thankfully she is in her final year as the costs are going to rocket in the coming years

    An absolute idiot but in line with the rest of his party.

  36. There’s a glaring contradiction in some of the rhetoric coming from those who oppose limits to how much wealth they pass on.

    On the one hand they are meritocratic capitalists, who would like talent and hard work to be rewarded, so that talent and hard work are ultimately encouraged, this is for the benefit of all.

    On the other hand they are economic libertarians, who disagree with the state interfering in the individual’s economic life.

    But the consequence of libertarianism is that the wealthy consolidate the privilege of their offspring, thereby thwarting the very meritocracy which capitalism requires.

  37. A complete MUPPET and confirms the lack of ambition of this sad and motley shower of incompetents. Quick to grasp his expenses which we have donated to him I notice and a member of a government constantly telling everyone what to do and rewarding idleness with tax credits, allowances for this, allowance for that. Some people still want to get on in life and improve themselves. If the less ambitious can’t be bothered to help themselves and their families by instilling some drive and rewarding achievement, we will carry on breeding misfits and those who are always whining about inequality, which actually means “I can’t be bothered, so why should anyone else have more than me.”
    This lot know nothing about education, nothing about the real world and demonstrably nothing about finance. Good riddance the ghastly shower of wallies!!

  38. If anybody was having any doubts that this Government needs to go, and go soon, this sort of rubbish should make up their minds. What utter hypocrisy, having lived at our expense for all of his working life, Healey wants to deny decent, ordinary people the chance to achieve some measure of security. It should not be any Government’s aim to keep people dependent on the State.
    How dare this man criticise hard working, decent families who choose to help their children.

  39. Just shows how out of touch polititioins are with the basics of life……..frankly, to suggest parents shouldn’t help their children is rediculous at best (regardles of political views)

    Quite simply house prices are too high then (relative to incomes).

    But people are reluctant to reduce prices because they paid to much in the first place – human nature I’m afraid.

  40. What a 22 carat plonker

  41. I think he has a point. I am actually amused by the comments posted by mostly everybody. I don’t think that the minister is thinking of banning parents from helping their children, but merely wish it wasn’t the case… and I agree. His ideology is that we should live in a society where fairness prevail, where somebody who works hard gets to live in the nicer home.
    The problem is that people in this country are greedy and hyprocritical. If you all believe what you have written, why are so many of you opposed to the idea of bank bonus for instance?
    I can’t believe that people can blame the bankers without taking responsibility for their own action. Home ownership (as the minister points out) is not a right. You can aspire to it, but this is exactly because ministers pushed everybody to own a house that the bank’s regulations were not put in place and this is the exact reason why we have a credit crunch. And it will be the reason for the great housing crash in the UK.
    I don’t partcularly think that Labour has done a good job over the last 12 years. But funnily enough, should those comments from John Healey have taken place 5-7 years ago and should the government have acted on it by imposing stricter bank loans (LTV < 3.5x salary) and more regulations in the banking system, we would be living in a much fairer society now. The problem is that all politicians, John is talking about fairness and doesn't want to come up with policies to slow down the housing market. The politicians are too scared of doing the right thing.

  42. So if we all rent, who owns the properties? Home ownership has resulted in a much wider distribution of wealth. Perhaps Mr Healey wants the state to own them, as they did in the Eastern Bloc. Even they have seen what a miserable life that produces for all. Destroy personal ambition – that is the Labour mantra.

  43. You need only look at the type of people on the opposition Benches to see that regardless of who ‘wins’ the next election, we will surely continue to be ‘shafted’.

  44. At last a man reasonable enough to understand that the issue of this society is the free transfer of wealth from one generation to the next! This is the primary cause for the high cost of home ownership for the young people.
    A system where equality prevails is a system where the people who work hard get what they deserve. This is not a system where you get to live more comfortably than someone else thanks to your parents or grand-parents’ work. What I can read on this post is just worrying. You can criticize this MP as long as you want and blindly believe that you “work for your children”. But this is wrong! You have to create the conditions for the success of your children but not entertain annuitants.

  45. Owning a home can restrict job mobility so personally were it not for the risk of getting priced out of the property market in the past, I could see an argument for more people renting until or unless they have stable employment futures. If your promotion for a national employer is dependant on a move of more than say even 20 miles and you have a family, the costs of moving can make it a difficult decision. I have moved jobs for promotion in the past and moved home once too and the house move costs were wasted as 6 months later I was transferred 15 miles or so the otehr side of where I’d lived before!
    My point is that everyones situatiuon is different, for some renting does actually make more sense and for others buying does. If instead of buying a house with a mortgage, one could but a share of a portfolio of domestic properties, and live and move between them, which could be exchanegd at value for a specific home outside the scheme at a future date that could be of interest. Ironically in the 1980’s this was how buying an endowment BEFORE a house was seen (I didn’t do it for clients).
    The rest of what Mr Healey has said, I don’t think I will comment on as I need to hear it in context as eitehr he is a complete communist plonker and I didn’t commit to fighting against teh Warsaw pact only to be ruled by more communists or his comments are our of context. I suspect he is a communist plonker and needs to either practice what he breaches (and get Lord Mandelson to do the same along with Tony Blair, bith of whom have mortgage issues we will all be aware of) or shut up.

  46. Judging by the way the negative comments have poured in, this could be the Labour Government’s ‘Gerald Ratner’ moment which reveals the truth underlying the spin – let’s hope so.

  47. What this fool faild to acknowledge (for he certainly realises it) is that home-ownership is not possible for millions of people BECAUSE OF THE ACTIONS OF HIS IDIOT GOVERNMENT. Artifically-depressed interest rates, stamp-duty holidays, tax breaks for landlords and BTL’ers — the subsidy for all of these things coming from the public purse that the renter and home-owner (sorry, ‘investor’) alike pay for.

    These people in govt deserve the rope — the lot of the,m, starting with Brown.

  48. This goverment and their control freak nature are taking us nearer to a communist state every day. Hope the british people wake up before its too late.

  49. so how does he propose” labour tackle the culture of parents helping their children onto the housing ladder” No doubt in future, when applying for a mortgage, parental contributions will not be acceptable Or maybe they would prefer us to pool our wealth & share it with the less inclined to work brigade. More social engineering from a bunch of socialist parasites.

  50. I agree that homes should not be used as a source of investment and income, because that money needs to go into real industry that generates real wealth.

    But to solve that, we need to get the price of homes down and to keep that price steady at 3x average earnings – otherwise we still have a vast problem of inequality due to the overvaluation of the homes of those lucky enough to own.

    Cheap credit has done much to cause this, together with the overpopulation of this island. This government has foolishly interpreted a shortage couples with a borrowing surge as a “boom” when really it is a sign of deep social problems

  51. The housing market will not bottom out until houses return to what they were priced at, in or around 1999…..

    The Hosuing market cannot survive without FTBers.

    And they will not be buying until the price of an average house, returns to circa 3.5x the average salary……

    [NOT the average salary OF A COUPLE. But of a single individual. As it was toward the end of the 20th Century.]

    Average House Prices: Source: Nationwide.

    2007 Q1 £175,554 !!!!!
    2003 Q1 £119,938 !!!!
    1999 Q1 £67,478!!
    1997 Q1 £55,810
    1987 Q1 £40,882

    The average wage has hardly increased at all during the last decade.

    Why should the harworking people who have been priced out for a decade, and forced to waste tens of thousands in rent, pay for this toxic housing bubble?

    The cause of the present econmic crisis?

    Why should our taxes pay to keep your houses artificially inflated?

    Whilst keeping us in debt bondage?

    Who represented the people who have been priced out for a decade?

    Not one MP. As they were all buying and selling houses, with taxpayers money, making hundreds and hundreds of thousands of pounds in profits.

    Without ever thinking that the public would find out about how many houses they flipped, because it was all hidden away under a secret crooked expenses system, created by Godon Brown.

    There was never any ‘political will’ for the average person earning average wage to be able to afford an average house under Labour.

    Thieves, Thieves Thieves.

  52. First Labour allow house prices to rise to astronomically unsustainable levels, pricing hardworking Joe out for ten years.

    Destroying hardworking Joes ability to get onto the housing ladder and get ahead in life.

    Joe is Forced to spend tens of thousands in rent to a BTL landlord, who took out a ‘liar loan’ from Gordons banker pals, to buy a couple of houses.

    Then the economy crashes, and normal hardworking Joe who has been priced out for ten years loses his job.

    Gordon bails out the banks, expecting Joes taxes to pay for this toxic housing debt, [which Labour allowed to inflate] even though Joe does not own property.

    So Joe has lost tens of thousands, is now having his Interest Rates stolen, his meagre savings devalued by QE, and faces huge tax increases, to pay for Gordons banker pals stupidity and greed. The same bankers who lent Joes BTL landlord, the money for the house Joe lives in.

    Now, Joe has worked hard, and been sytematically robbed of his nest egg, and chances to get onto the ladder.

    And all the while the bankers, who lent Joes Landlord the money are in work, getting richer with Joes taxes,

    Meanwhile, Joes landlord who lied on his BTL application to buy the house Joe lives in, does not have to work.

    Joes paid for his lifestyle.

    Joe is in indentured slavery.

    Devised by The Labour Party.

    Gordons other pals, the cabinet, and the rest of the MP’s, are all flipping houses, using taxpayers money, in an unregulated market, making hundreds of thousands of pounds in profits.

    But that was never their intention! Perish the thought!

    How dare you besmirch my honorable name?!

    It was just the result.

    Oh! Well, Thats ok then. Isnt it?

    Or Are Labour operating a completely corrupt ideology, along with complicated thievery, repression, and lies?

  53. When will politicians understand that the world is not fair No amount of social engineering will ever make it so.

    The government have been guilty for years now and still are in distorting the housing market though their social home ownership schemes, stamp duty etc. The market should be left alone, free of any influence by government and allowed to find its own level.

    Home ownership is not for everyone, but for those who either own or want to aspire to own their own home then how they fund it has nothing to do with anyone in government

  54. I feel one of the problems , OUR, government has, they seem to believe that to be GOOD europeans we must change our British way of life. I do not believe they have the silent majority on this, across all social levels we are proud of our way of life including having the RIGHT to own our Home!

  55. I see the biography lists him as going to a “comprehensive”, and then to St Peter’s School York. I don’t know when he moved from the comprehensive, or if went on a scholarship, but St Peter’s is a good public school. The biography may be “local comp and then Uni,” or it could read “public school and Oxbridge.” Different spin on the same data!

  56. Amazing that the cancer of socialism is starting to rear its ugly head again. Aspiration is the driving force of most sensible thinking people but unfrotunately this governmnet has been hell bent for 11 years to increase state dependency – Please please make sure they are gone in the first half of 2010

  57. If the governemnt increase the IHT exemption it must result in further taxation being applied to everyone. As we know the average income is £25,000.

    Is this really equitable that great efforts should be made to exempt £1m from an inheritence tax (ie the Tories/Daily Mail arget) which is the same amount earnt by an average person in their entire working life who will have been subject to tax and NI of around 33%

  58. Why is anyone surprised at this latest lunacy.

    We have been careering towards being a communist, police state for over a decade. Anyone that still believes that we live in a democracy needs to look up the word in the dictionary.

    Incidentally, a change of polictical party is unlikely to make much difference – the laws, institutions and quangocracy/bureaucracy is not going to go away.

    We need a revolution – we certainly don’t need 650 MPs and 2 million civil servants.

  59. This government has done all it can – and I mean really gone out of its way – to insure that house price inflation has continued along its path into truly destructive territory, to the point where it risks damaging the social fabric of the country and demoralising the people that the rest of the country rely upon.

    So perhaps it’s a bit late for this fool to start looking at the problem through his poorly informed rose-tinted spectacles and dream up more social-engineering.

  60. Mr Healey

    If you are happy to see a move towards the European model of housing, with renting more commonplace than owning, perhaps you would be so kind as to restore the tenants’ rights that were stolen from them with the introduction of Assured Shorthold Tenancies, and thus accord to those now doomed to rent for life the same level of security as our comrades over on the continent?

  61. “He also said that Labour should tackle the culture of parents helping their children onto the housing ladder because it compounds inequality over the generations and is unfair.”

    Ah boo hoo !

    That comment is the one that just decided my vote at the next election.

  62. It would be much better if instead of BOMAD having to help their children the kids could finance it themselves.
    This would be achieved if house prices were lower, and parents would not have to part with some of their “profit” to act a a deposit for the kids.

    It would also mean less payment of interest to the banks – which is better for everyone (except the bankers).

  63. This is just social engineering at its bloody and political best. Why can’t anyone see this?

  64. Renting is stupid – just dead money full stop .

  65. “All your eggs in one basket” Has this idiot even considered the fact that most people don’t have any eggs to put anywhere until years of home ownership eventually reward them with some equity which can be put to use for their future securuty. I think it’s fair to say that most working families would have nothing in reserve to show for many years of hard work had they not stretched themselves financially in the early years to own a property. So has he got a great state pension plan set up for those renters who will have no nest egg for their retirement years, or will euthanasia become mandatory following retirement.

  66. Where do we get these people from? Are they otherwise unemployable? Talk about the pot calling the kettle black, the man is not just hypocritical, he is a cynical manipulator of the present reality into a raison d’etre for the ideals for a brave new socialist world that the majority of Britons do not care for.

  67. Fed up with this country 12th December 2009 at 2:28 pm

    How offensive can one person be? I would love to own my own home. The rent on my current “home”, if you can call it that, is in excess of what a corresponding mortgage would cost.

    Unfortunately I am unable to raise a deposit as my family and I just about get by on our earnings.

    I wish we could have the opportunity like the “grocer’s daughter to know that it’s not a good idea to have all your eggs in one basket”

    Instead we are in a position whereby we are lining our BTL landlords pockets.

    The risk get richer…….

    Bring on the general election so this sorry lot can be booted into touch.

  68. How about helping FTBs with tax relief rather than helping property investors, as is the current situation?

    Did labours manifesto say we will make everyone with property before 2003 stinking rich and future generations will live in rented bedsits?

    Because this is what we got!

    I hope Brown and his government go to hell, they are lying traitors.

  69. Why dont these idiots just **** off and die. Dictating to people whether they can or cant spend their hard-earned money on their own children is borderline Communism.

    Given the amount of tax we all pay these days, the only motivation for continuing to work hard and earning a good salary, is the knowledge that your kids will benefit from it.

    If they bring in anything akin to this, I will leave the country and take my hard fought for earnings and tax with me.

    Labour simply have to go.

  70. Tim Kelsey
    Trying to build a meritocracy is not a socialist concept, but a liberal right wing concept, if you want wealth, work for it, but without the advantage of mummy & daddy’s money.

  71. Landlords of the UK are rejoicing at these comments, they can have a big car, a couple of extra holidays each year, etc etc.

    However tenents are destined for a life time trying to meet ridiculously high rents which will stop them from having holidays, a car or spending more time with their families as they’ll be doing as much overtime as possible.

    The one thing that could stop this is a correction in the housing market, we’ll have to wait and see! Its to easy to become a landlord (good or bad) in my opinion.

    And to say that we are moving to a european model of housing is obsurd. I’ve sent several years in european housing, Germany is full of houses which are LIVED in for life and therefore they take pride in where they live, although they do pay their mortgage for this longer than we do. The UK is move time and time again with cheap rented and develpoed estates.

  72. Typical rubbish and twaddle from the Fabians, cover your ears….

  73. Fairness is level place to start from. what you you make of it is up to you. Labour believes fairness is about getting the same rewards regardless of effort. Ie Boy from poverty works hard, gets education, becomes doctor, earns 100k per year should get the same as his neigbour who doesn’t do the same and becomes a cleaner.

  74. I am sorry but I do not want my son and daughter to wait 3 to 4 years for a council property or to have to seek assistance from the government to start obtaining their own home. Please can someone explain why renting into retirement is a good option when you can have no outgoing for a roof over your head at 65 years old. State Pensions will slowly be worse and parents inheritence will be wiped up to pay for living costs in the future. What planet is this guy on?

  75. I think that people who lives a long life should be shot at birth. It is so unfair that strong genes and healthy lifestyle gives them such an advantage over those people who die young.

  76. I am rendered almost incapable of responding. PLEASE PLEASE Gordon Brown, get this out into your election manifesto, sell it as the central plank of your strategy, PLEASE.

    What a complete and utter tax payer funded 100% solid gold hypocrite.

  77. I cannot believe that:

    1. This story has not been picked up by the Nationals and had more prominence in the popular press
    2. The Conservatives have not used it to great effect.

    This is the most commented upon piece I have ever seen in MM so why has no one else run with it. Have I missed something??

  78. This man exposes himself as an ignoramous. one of the main reasons parents get up in the morning is to make a better world for their children, take this away and you have a communist society.

    In the end it is about choice, do you choose drugs alcohol and ready meals, or do you toil and save to further your childrens chances in the big bad world? Education, until that is sorted out people will continue to make the wrong ones.

  79. Firstly I think the minister’s comments on the European housing model are based on an ill informed generalisation. Many of our European cousins adopt the model of assisting their childred with home ownership, often by helping them to build their own property. They in turn are often assisted by the community with this and until very recently a mortgage was not required (and usually not available).
    Yes there should be more shared ownership schemes for people at all income levels. One way to improve the state of our communities and raise the level of respect and pride again is to give everyone a stake in where they live and move away from this dependance on the state.

  80. Home ownership is at the heart of this Government’s problems and I suspect whichever Government wins office. Not so long 80% home ownership was seen as a goal- a completely unachievable aspirationl given the impossibility of funding such numbers. A prime reason for the surprising bounce in the housing market has been the transfer of housing equity within families that seems unlikely to stop. Perhaps this is the clear blue water between the parties.

  81. Firstly I think the minister’s comments on the European housing model are based on an ill informed generalisation. Many of our European cousins adopt the model of assisting their childred with home ownership, often by helping them to build their own property. They in turn are often assisted by the community with this and until very recently a mortgage was not required (and usually not available).
    Yes there should be more shared ownership schemes for people at all income levels. One way to improve the state of our communities and raise the level of respect and pride again is to give everyone a stake in where they live and move away from this dependance on the state.

  82. Why don’t I ask my parents to leave their homes on death to a Loabour party who can in turn pass the money on to those who have chosen not to work for the past 40 years. I am sure my parents will be delighted at this suggestion

  83. First Labour allow house prices to rise to astronomically unsustainable levels, pricing hardworking Joe out for ten years.

    Destroying hardworking Joes ability to get onto the housing ladder and get ahead in life.

    Joe is Forced to spend tens of thousands in rent to a BTL landlord, who took out a ‘liar loan’ from Gordons banker pals, to buy a couple of houses.

    Then the economy crashes, and normal hardworking Joe who has been priced out for ten years loses his job.

    Gordon bails out the banks, expecting Joes taxes to pay for this toxic housing debt, [which Labour allowed to inflate] even though Joe does not own property.

    So Joe has lost tens of thousands, is now having his Interest Rates stolen, his meagre savings devalued by QE, and faces huge tax increases, to pay for Gordons banker pals stupidity and greed. The same bankers who lent Joes BTL landlord, the money for the house Joe lives in.

    Now, Joe has worked hard, and been sytematically robbed of his nest egg, and chances to get onto the ladder.

    And all the while the bankers, who lent Joes Landlord the money are in work, getting richer with Joes taxes,

    Meanwhile, Joes landlord who lied on his BTL application to buy the house Joe lives in, does not have to work.

    Joes paid for his lifestyle.

    Joe is in indentured slavery.

    Devised by The Labour Party.

    Joe has nothing. No pension. No capital. Nothing…………………………

    We need a revolution in this country.

  84. Labour are operating a completely corrupt ideology, along with complicated thievery, repression, and lies.

  85. I bet all those landlords are rubbinmg their hands with glee. Our children are mostly leaving the UK to find work and/or better prospects than here anyway. Who would want to live here with the amount of utility and council tax bills we pay, I dont think there is much left for the luxury of a mortgage too. These politicians live on the planet zog!! I really like the German model (not) where most property is owned by someone else.

  86. Whilst I do not agree, personally, with the view that parents shouldn’t be allowed to help their children or anyone else for that matter, I am of the opinion that the Government ought to assist financially the setting up of co-operatives to own property. This should also extend to older people who still have a mortgage and want to remain living where they are. Where someone or a couple over 60 has/have no inheritors they should have the facility to ‘sell’ their home to a ‘fund’ and rent back at a rent reflecting the amount of equity ‘sold’ and no capital chnages hands. The ‘fund’ then owns the freehold.

  87. Labour governments generally like the view that people can’t be trusted to spend their own money but should give as much of it as possible to them, as only the government knows best how to spend it – and be sure, it won’t be on you but every scrounger, drug addict, asylum seeker, illegal immigrant, and all their extended families, NHS managers, useless quangos, MPs pension schemes, etc. The list goes depressingly on….

  88. John Healey + Labour Party / Politics of Spite = FSA.

    Discuss.

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