Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page:

From The Socialist newspaper, 25 October 2017

Fearful Tories mull borrowing to build

For a mass programme of council house building!

Bricks Building Housing, photo Scott Lewis/CC

Bricks Building Housing, photo Scott Lewis/CC   (Click to enlarge)

James Ivens

The Tories are considering borrowing to build homes. It's the government's umpteenth muddlement in a post-election retreat on all fronts.

Communities Secretary Sajid Javid says the Autumn Statement could promise up to 300,000 new builds a year. That would be 50% more than Jeremy Corbyn pledged in June's anti-austerity manifesto.

Javid fears the young. Corbyn's pro-worker stand gave a new generation confidence to fight.

Millennials have to spend three times as much on housing as our grandparents did, says the Resolution Foundation. At the same time, our grandparents - and parents - have had their pensions pillaged.

But it's fat times for property hustlers. The Tories gave 50 million in handouts to "rabbit hutch" flat developers last year, the Sunday Times has found.

Given this mess, new homes are welcome. But what kind?

Council homes

Corbyn said at least part of his would be lower-rent council or social homes. The Socialist, by the way, says all of that promised million should be council homes - but it's a start.

The Tories, however, need to dream up ever more markets for their paymasters' profits. Thatcher's 'right to buy' sold off public housing stock. Cameron's 'help to buy' only pushed up prices more. Expect yet another conveyer belt of capital into the bosses' pockets.

The Labour right is no different. Sadiq Khan, Blairite mayor of London, had been on the job a year this May. Total new social homes built? Zero. Total started? Zero.

But right-wing Labour councils go on levelling working class homes to make way for the gleaming monoliths of billionaire oligarchs.

And hang on - borrowing to build? There's a deficit to pay down, we thought? It's almost as though austerity is one big ruse to move more money from workers to the super-rich...

There's billions idling in the vaults of big business. We say nationalise the big developers and builders, under democratic workers' management and control. Requisition unused homes and land. Build genuinely affordable housing for all.

And Jeremy - instruct Labour councils to start now. Use reserves and prudential borrowing powers to show what an anti-austerity programme means in practice. The Tories are routing: sound the advance.

  • Socialism 2017 (11 and 12 November, central London)
  • Discussions include: 'Local government - the next scene of the anti-austerity battle?'

    Rally speakers include: Ian Mearns, Corbynista MP

    Find out more and book tickets at

    Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.

    In The Socialist 25 October 2017:

    What we think

    Socialists must back Catalan struggle for self-determination


    1967 Abortion Act reflected social changes

    International socialist news and analysis

    Kurdish referendum declared illegal

    Socialist Party news and analysis

    Universal Credit chaos: Tories punish the poor

    Fearful Tories mull borrowing to build

    Kids wait 18 months for mental healthcare

    Profit-driven pesticide use now threatens life

    Profiteering NHS counter-fraud firm in alleged case of... fraud

    Them & us

    What we saw: May on Facebook

    Workplace news and analysis

    Aslef members must reject poor Southern Rail offer

    Arriva North West bus drivers strike over pay

    NSSN meeting brings together workers in struggle

    Manchester lecturers walk out

    Socialist Party reports and campaigns

    Hear from socialists involved in struggles the world over at the Socialism 2017 Saturday rally

    Angry east London residents organise against threat to leisure centre

    Trade unionists march to defend 650 local jobs

    Bad Art's Leicester event

    Storm Brian cannot withstand working-class anger

    Socialist readers' comments and reviews

    Well-deserved ridicule of Stalinism is impressive, funny but flawed

    Film - Dennis Skinner: Nature of the Beast

    New musical on life of Castro

    The Socialist inbox


    Home   |   The Socialist 25 October 2017   |   Join the Socialist Party

    Subscribe   |   Donate   |   Audio  |   PDF  |   ebook

    Related links:


    triangleThem & us

    triangleCouncils' 1bn on commercial property

    trianglePosh estate agent's housing crisis solution: make your own sandwiches

    triangleCorbyn must challenge pro-gentrification council leader or others will

    triangleNo more excuses: fit sprinklers now!


    triangleNHS cuts kill!

    triangleAfter the budget: step up the fight against austerity!

    triangleMarch for free education! We demand a future!

    triangleTories on the brink - kick them out!


    triangleThe Socialist inbox

    triangleSouthampton: Corbynista success but cuts continue

    triangleLiverpool Socialist Party: Fighting council cuts


    triangleHousing campaigners ask Corbyn to instruct Labour council regeneration ballots

    triangleAnger over plan to build housing on Yorkshire flood plain


    triangleIs cuts-making Preston 'beating Tory austerity'?


    triangleWhat does the left victory in Scottish Labour mean?


    triangleHackney Socialist Party: Catalonia - Your chance to pose questions

    Local government:

    triangleTories u-turn on social housing benefit cap and borrowing to build

    Jeremy Corbyn:

    triangleFilm - Dennis Skinner: Nature of the Beast

    News and socialist analysis

    News and socialist analysis



    After the budget - unions must launch pay fight


    Climate change

    Carbon dioxide hits 800,000-year high: end profit-driven pollution



    Gentrification on the terraces: fans say twenty's plenty



    NHS cuts kill!


    Them & Us

    Them & us



    Posh estate agent's housing crisis solution: make your own sandwiches



    What does the left victory in Scottish Labour mean?



    Councils' 1bn on commercial property



    After the budget: step up the fight against austerity!



    4,800 young people hurt after officers 'restrain' them



    Is cuts-making Preston 'beating Tory austerity'?



    No more excuses: fit sprinklers now!


    What we saw

    What we saw



    We're freezing: reverse cuts to boiler replacement schemes!



    Tories on the brink - kick them out!

    triangleMore News and socialist analysis articles...

    Join the Socialist Party
    Subscribe to Socialist Party publications
    Donate to the Socialist Party

    triangle23 Nov After the budget - unions must launch pay fight

    triangle22 Nov What does the left victory in Scottish Labour mean?

    triangle22 Nov General secretary coronation

    triangle22 Nov After the budget: step up the fight against austerity!

    triangle21 Nov Zimbabwe: Mugabe gone - but his regime remains in power

    triangle15 Nov March for free education! We demand a future!

    triangle15 Nov Tories on the brink - kick them out!

    More ...

    triangle23 Nov East London Socialist Party: How can free education be won?

    triangle23 Nov Waltham Forest Socialist Party: Trump and the resistance

    triangle23 Nov London: Support event for education workers in Turkey

    triangle23 Nov Cardiff East Socialist Party: Catalonia, Scotland and Wales

    More ...

    Socialist Party Facebook page
    Socialist Party on Twitter
    Visit us on Youtube



    November 2017

    October 2017

    September 2017

    August 2017

    July 2017

    June 2017

    May 2017

    April 2017

    March 2017

    February 2017

    January 2017




















    SP RSS feed RSS

    Platform setting: = No platform choice