Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/949/25475

From The Socialist newspaper, 17 May 2017

One in three borrow for rent, Corbyn pledges housing revolution

Housing demo, London, 13.3.16, photo James Ivens

Housing demo, London, 13.3.16, photo James Ivens   (Click to enlarge)

Nancy Taaffe, Waltham Forest Socialist Party

One in three people have borrowed money just to pay the rent - some from family and friends; others with interest and fee-charging overdrafts, credit cards and payday loans.

The figures from housing charity Shelter reveal that of nearly 1.6 million private tenants on low incomes, around 511,000 had borrowed for rent during the past year.

And phenomena like this are not only applicable to London.

A recent Radio 4 PM programme followed the plight of two young Liverpudlians as they struggled to find a place to set up home and start their life together. It found a pattern of financiers, billionaires and oligarchs snapping up new builds and empty properties for investment, while young couples struggle to find a home they can afford.

The super-rich see Britain's inflated property market as a safe store for funds. On top of this, the head of the National Crime Agency believes organised criminals use the London property market to launder money.

Hoarding and speculation

This hoarding of empty homes by the bosses - whether gangster or legit - is coupled with decades of council house sell-offs and the abolition of rent control. The knock-on is shortage and speculation on such a scale that housing costs now bear no resemblance to reality.

But while we live through housing horror stories, we have also watched the publication of Jeremy Corbyn's election manifesto. It goes some way in attempting to right the housing wrongs of the past. Compared to what exists now, it could represent the start of a housing revolution.

Labour's manifesto includes the following promises:

The Socialist Party supports these first steps in trying to take charge of housing policy and plan it for human need. We will be out campaigning for this programme to win - and for Corbyn to push it further.

For a start, we call for nationalising land, the finance sector and the big construction firms - under democratic working class control and with compensation only on the basis of proven need. This is necessary to free up the money supply and end property speculation.

We will wholeheartedly campaign for a Corbyn-led government. But if the worst happens on 9 June, we have no intention of rolling over and allowing a whole generation to be locked out.

As the Butterfields tenants and then the One Housing tenants have shown in east London, when tenants organise and fight, we can beat the landlords.

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


In The Socialist 17 May 2017:


Kick out the Tories! Corbyn can win

Kick out the Tories: For a Corbyn-led government

Tories out! Corbyn can win with socialist policies

Corbyn's manifesto: An important step in the right direction

TUSC confirms no candidates in June

Suprise rally with Jeremy Corbyn in Morley

Corbyn's alternative for young people

Corbyn could re-win Scotland with a socialist approach to independence


Socialist Party news and analysis

One in three borrow for rent, Corbyn pledges housing revolution

Tories escape election fraud charges

NHS cyberattack: budget cuts and spy agency to blame

31,000 more kids at risk of abuse or neglect


Socialist Party workplace news

PCS election: Increased majority for Democracy Alliance

Support Corbyn's call to renationalise Royal Mail

CWU walkout wins large concessions

Blackpool deserves better - anti-austerity rally

Unison must back Corbyn's pledge to abolish zero-hour contracts with action

Workplace news in brief


Socialist Party reports and campaigns

Socialist ideas are energising young people

Fund the fight against the Tories

Packed meeting sets out socialist policies needed to defeat the Tories


International socialist news and analysis

Palestinian prisoners on mass hunger strike protest

Brazil: General strike against Temer regime


Socialist Party comments and reviews

Barcelona May Days 1937 - a civil war within a civil war

Hull workers who fought in the Spanish Civil War

The Socialist inbox


 

Home   |   The Socialist 17 May 2017   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Housing:

triangleHaringey protests HDV - but Labour fails to kill it off completely

triangleRent doubles in a decade: cap rents, build council homes!

triangle'Occupy to save the town square'

triangleUniversal credit: set up to fail

triangle2m to remove Grenfell-type cladding: residents to get bill

Revolution:

triangleCzechoslovakia 1968: 'Prague Spring' challenges Stalinism

triangleBernie's book shows need for workers' party

triangleBirmingham South East Socialist Party: The Iran 1979 revolution

triangleSalford Socialist Party: The Russian revolution betrayed

Tenants:

triangleLeeds Socialist Party: Organising tenants in the private rented sector

triangleCorbyn's left must seize the advantage in Labour's civil war

triangleGentrification scourge hits Kent

Homes:

triangleThe Socialist inbox

triangleNo to the Woolwich monster block

London:

triangleTower Hamlets Socialist Party: 120 years since the death of Eleanor Marx

Council:

triangleTower Hamlets Socialist Party: How can we get Jeremy Corbyn's anti-austerity policies into our local council?

Construction:

triangleWoolwich Crossrail walkouts to demand promised bonuses

Manifesto:

triangleAbolish tuition fees and student debt!

Rents:

triangleTwo in five 'right to buy' homes now for let

Jeremy Corbyn:

triangleHaringey: now's our chance for a no-cuts council

Housing benefit:

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

Butterfields:

triangleEast London tenants fight 40% rent hike

News and socialist analysis

News and socialist analysis

19/2/18

Election

Usdaw victory - Socialist Party member Amy Murphy wins presidential election

14/2/18

Tamil Solidarity

Tamil youth march for justice

14/2/18

Foreign Aid

Oxfam scandal: we need democratic aid and working class solidarity

14/2/18

TUSC

Building support for Corbyn's anti-cuts policies in the local elections

14/2/18

EU

What we saw: Tory-Blairite EU love-in

14/2/18

Rents

Rent doubles in a decade: cap rents, build council homes!

14/2/18

Public ownership

McDonnell says Labour would put services 'irreversibly' in workers' hands

14/2/18

NHS

We can win the fight for the NHS

7/2/18

Labour

NHS - build the fightback

7/2/18

Labour

Corbyn's left must seize the advantage in Labour's civil war

7/2/18

Haringey

Haringey: now's our chance for a no-cuts council

7/2/18

Refugees

90 feared dead after migrant boat capsizes

7/2/18

Outsourcing

Capita in crisis: bring all outsourcers back in-house

7/2/18

Trump

Trump v NHS

31/1/18

NHS

NHS: use the 3 February protests as a launch pad for a mass movement

triangleMore News and socialist analysis articles...


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

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

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