Britain’s politics for the old, strangling its young

One in three of Britain’s houses has two or more spare bedrooms. Yet overcrowding (as measured by the number of people relative to the number of bedrooms) is rising. With grandparents hogging the bigger, better properties, their children struggle to move up the housing ladder.

The way council tax is levied also gives elderly folk less incentive to downsize. It was last updated in 1993 and the priciest homes are taxed lightly.

A little-noticed change in Britain’s housing market spells trouble for everybody, August 8, 2017 at 09:50AM

Advertisements

Published by

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s