The building industry would appreciate this idea. Before Thatcher 300,000 housing were built per year. With Thatcher it fell to 200,000, as she also started the sell off of 2 million Council Housing. Housing that have not been replaced. Those who could get in at the start, like the son of the Minister in charge of the Fire Sale (who owns 40 ex-Council Flats) profited, unfortunately most did not. This generation is called Generation Rent, paying off the mortgages of Rentier Capitalists. Funny thing is that new build sites have a ZERO vat on materials, but brown field sites end up with the 20% VAT charges. No wonder property developers want to destroy our woodlands for their profit. The UK wasted £375bn on a failed scheme to stimulate the economy and end the recession. This was one of the biggest missed opportunities in history. Here’s how it happened ...and what would happen if the Bank of England had taken just a small fraction of the money they’d created, and put it into the real economy instead…
Posted on: Mon, 04 Aug 2014 22:28:55 +0000