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Scoop.it!
The government must stop propping up a broken market, says journalist and housing campaigner Vicky Spratt Via Graham Watson
Bruce Fellowes's insight:
Government Failure 
Scoop.it!
Throwing another £10bn at the subsidy scheme will do nothing to improve the UK’s underlying housing problem
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Scoop.it!
Most participants in the scheme could have got on the housing ladder without help, a report finds. Via Graham Watson
Bruce Fellowes's insight:
Government Failure?
Graham Watson's curator insight,
June 13, 2019 4:20 AM
The National Audit Office has looked into 'Help to Buy' and reached a number of conclusions: most participants didn't actually need help to get on the housing ladder, and that it boosted the profits of building companies.
This looks like government failure: however, the NAO is actually more cautious, arguing that it remains to be seen whether the taxpayer has got value for money. Either way, it has cost an awful lot, up to £23bn by 2023 and any future returns are contingent upon the performance of the housing market. Watch this space.
Scoop.it!
An additional 135,000 buyers stand to benefit from the extra funds for the home purchase scheme.
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Housing campaigner Vicky Spratt share my view of Help to Buy - a policy that increasingly looks to have profoundly unfair distributional effects. One wonders whether it is an example of government failure.