Magazine article Public Finance

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Magazine article Public Finance

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Please air your views via the comment facilities at publicfinance.co.uk or by email to feedback@publicfinance.co.uk

Homes under the hammer

I understand the formula to fund the Right to Buy extension will mean selling homes with a value in the top third of local valuations (Housing Bill reveals further detail on Right to Buy extension, bit.ly/1H7HGIA). So that's likely to be larger properties (yet more badly needed three and four bedroom homes lost) or just about anything that isn't a flat.

It also seems some properties in rural areas will be exempt, so not every housing association tenant will gain the Right to Buy.

An overcomplicated system is about to become even more so.

The other elephant in the room is that the amount the government predicts it will raise from the sale of these homes is hugely optimistic.

The Housing Bill should be aimed at alleviating pressures on housing but it runs in the opposite direction.

Angela Bailey

No puzzle at all

Did anyone else spot the massive non sequitur in November's Numbers Game (Productivity puzzle, bit.ly/1NxQ8pf).

"Productivity improvement leads to economic growth, which in turn influences national deficit and debt, and hence the need for austerity" (my italics). …

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