Socialist Party
| Print

25 October 2017

Fearful Tories mull borrowing to build

For a mass programme of council house building!

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 socialism2017.net



    http://www.socialistparty.org.uk/articles/26347




    Join the Socialist Party
    Subscribe to Socialist Party publications
    Donate to the Socialist Party
    Socialist Party Facebook page
    Socialist Party on Twitter
    Visit us on Youtube

    LATEST POSTS

    triangle19 Feb Usdaw victory - Socialist Party member Amy Murphy wins presidential...

    triangle19 Feb Building the campaign against clearances of the working class

    triangle16 Feb No fudge with the right wing

    triangle14 Feb Czechoslovakia 1968: 'Prague Spring' challenges Stalinism

    triangle14 Feb Uni strike: coordinate public sector fightback

    triangle14 Feb Oxfam scandal: we need democratic aid and working class solidarity

    triangle14 Feb Haringey protests HDV - but Labour fails to kill it off completely

    More ...

    WHAT'S ON

    triangle21 Feb Caerphilly & RCT Socialist Party: 100 years of votes for women

    triangle21 Feb Salford Socialist Party: A socialist look at the Vietnam War

    triangle21 Feb York Socialist Party: Britain in 2018

    triangle22 Feb Southampton Socialist Party: Building the Socialist Party in 2018

    CONTACT US

    Phone our national office on 020 8988 8777

    Email: info@socialistparty.org.uk

    Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

    Regional Socialist Party organisers:

    Eastern: 0798 202 1969

    East Mids: 0773 797 8057

    London: 020 8988 8786

    North East: 0191 421 6230

    North West 07769 611 320

    South East: 020 8988 8777

    South West: 07759 796 478

    Southern: 07833 681910

    Wales: 07935 391 947

    West Mids: 02476 555 620

    Yorkshire: 0114 264 6551

    ABOUT US

    What we Stand For

    About the Socialist Party

    Our 2015 election manifesto

    Joining the Socialist Party - what will it mean for you

    ARCHIVE

    Alphabetical listing


    February 2018

    January 2018

    2017

    2016

    2015

    2014

    2013

    2012

    2011

    2010

    2009

    2008

    2007

    2006

    2005

    2004

    2003

    2002

    2001

    2000

    1999