Socialist Party
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6 March 2019

Them & Us

Profits for housebuilders...

Persimmon has made the biggest ever profit by a UK housebuilder - with almost half of its house sales made through the taxpayer-funded help-to-buy scheme.

The profits of 1.09 billion is a result of money made from each house it sells nearly tripling since 2013, when the government introduced the help-to-buy scheme in an attempt to help struggling families buy their first home.

This shows the scheme, as we said at the time, wouldn't go to help workers and young people afford housing but has instead lined the pockets of the bosses.

...homelessness for us

As the bosses rake in government money and turn it into huge profits it is estimated around 100,000 children are waking up in B&Bs and other temporary accommodation every morning as the lack of affordable housing bites.