Current Affairs The Labour Party

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Number_25 said:
Sure, here's a screenshot for you my dude.

View attachment 69648
Click to expand...

Yes but why is 24 months?

When we rented in London we used to do a year, then just extend by an agreed period with a break clause. Did it with several landlords. Virtually everyone I know did who rented 1 year + a shorter term add-on

Not a criticism, just not sure why you're locked into two years
 
orly said:
Yes but why is 24 months?

When we rented in London we used to do a year, then just extend by an agreed period with a break clause. Did it with several landlords.
Click to expand...

It was what I was offered, at the time (beginning of September) I was desperate to find somewhere to live as the landlord at my previous place decided to sell up abruptly, and most places were already taken by students.
 
Number_25 said:
First of all, thank you for taking the time to respond to my questions.

I think it's important to note that the source you have provided here is by an organisation that represents landlords - as the name implies. I'm 26 years old, and earn around £1,200 a month as a (wholly NHS-funded) researcher at a University. My rent currently stands at £650 for a one bedroom flat with no heating and single-glazed windows.

I have absolutely no power to change this. I can't move out because I was effectively forced to sign a 24 month contract with the landlord when renewing, so if I want to move out I have to pay the landlord the remaining 8 months lease - which amounts to £5,200.

Simply put, I cannot afford that.

This is a common occurence with people my age, and is probably one of the main reasons as to why you are seeing so many 18-35 year olds look favorably at Labour's policies concerning renters rights.

As for the post you've linked, I think that everyone has the right to live in a home - and not have to worry about imminent rent increases or whether a landlord sees fit for them to leave. I don't believe that's a far left belief, but I am willing to hear your reasoning behind why you believe it to be.



I think it's well in within the remit of the Labour Party, whose founding goal was to minimise the distance between the workers' labour and the resulting capital, to reform the foundations in which our economy operates.

At the end of the day, we need to see some form of solution to, at the very minimum, reduce the scurge of economic inequality and deal with an emerging climate catastrophe.



Do you know if the CBI have released a breakdown of their estimates?



Just to clarify a couple points here:

This is basically a British implementation of the KfW Mittelstand in which it will be wholly funded through a bond issuance programme.

I'm trying to find the exact document, but if my memory serves me correctly (although I am willing to say that I may be wrong here) - but it's effectively a straight up direct cost of £20bn - and then yearly bond issues over 10 years - amounting to £250bn in total.
Click to expand...

Here you go, buy a two bedroom flat...

www.rightmove.co.uk

Check out this property for sale on Rightmove!

2 bedroom apartment for sale in Salisbury Street, Liverpool, L3 £100,000. Marketed by Reeds Rains , Liverpool City Living
www.rightmove.co.uk www.rightmove.co.uk

It’ll be cheaper........
 
peteblue said:
Here you go, buy a two bedroom flat...

www.rightmove.co.uk

Check out this property for sale on Rightmove!

2 bedroom apartment for sale in Salisbury Street, Liverpool, L3 £100,000. Marketed by Reeds Rains , Liverpool City Living
www.rightmove.co.uk www.rightmove.co.uk

It’ll be cheaper........
Click to expand...

Pay: £1,200.

Rent: £650
Phone Contract: £20
Internet: £25
TV License: ~£13
Food: £60
Gym Membership: £25
Water: £20
Electricity: ~£80
Council Tax: £90

£983.

£217 a month to play around with.

£217 * 12 = £2,604.

The deposit is usually around 10% of purchase value?

So yeah, in 10 years time - maybe?
 
Number_25 said:
First of all, thank you for taking the time to respond to my questions.

I think it's important to note that the source you have provided here is by an organisation that represents landlords - as the name implies. I'm 26 years old, and earn around £1,200 a month as a (wholly NHS-funded) researcher at a University. My rent currently stands at £650 for a one bedroom flat with no heating and single-glazed windows.

I have absolutely no power to change this. I can't move out because I was effectively forced to sign a 24 month contract with the landlord when renewing, so if I want to move out I have to pay the landlord the remaining 8 months lease - which amounts to £5,200.

Simply put, I cannot afford that.

This is a common occurence with people my age, and is probably one of the main reasons as to why you are seeing so many 18-35 year olds look favorably at Labour's policies concerning renters rights.

As for the post you've linked, I think that everyone has the right to live in a home - and not have to worry about imminent rent increases or whether a landlord sees fit for them to leave. I don't believe that's a far left belief, but I am willing to hear your reasoning behind why you believe it to be.
Click to expand...

My reasoning is simple - nobody should be forced to sell their own private property, ever.

That's what that policy does. "Right to buy" exists for buying council homes and is a great policy - but it has resulted in the degradation of the stock of council houses.

"Right to buy" private property doesn't work because it's a person you're buying from, who has paid the market value, not the state. It's effectively forcing someone to sell at legal gunpoint and robbing a fraction of the value at the same time. Lunacy that would send chills down a lot of peoples' spines when they look at how it'd work in practice.

Your rent situation is interesting but not sure how it's relevant. The answer isn't to rob private landlords - it's to increase council stock.

Number_25 said:
I think it's well in within the remit of the Labour Party, whose founding goal was to minimise the distance between the workers' labour and the resulting capital, to reform the foundations in which our economy operates.

At the end of the day, we need to see some form of solution to, at the very minimum, reduce the scurge of economic inequality and deal with an emerging climate catastrophe.
Click to expand...

Yes, but again, taking private property and forcing the owners to sell/give it away is insane. You can increase NMW/NLW, increase workers rights, cut down on exploitative contracts - all solid, progressive left wing policies - but the solution can't be quite literally robbing the rich. All it'd do is limit company growth, meaning few people employed and a slowed economy, meaning everyone suffers. It's a classic far left solution that doesn't think laterally about the knock on consequences.

Number_25 said:
Do you know if the CBI have released a breakdown of their estimates?
Click to expand...

No, they can't as they don't know Labour's plans ahead of it being a manifesto commitment. It's their estimate, and when you consider how wide ranging the re-nationalisation aspirations of Corbyn's Labour is (utility companies, rail, water etc. etc. etc.) it doesn't seem an unreasonable estimate.

And again it ties into my point about Labour lacking restraint. Why not just focus on one - say rail - and say they won't look at nationalising anything else for at least five years, and that each project would be fully costed and subject to going back to the electorate at an election. People would respect that - nationalisation is popular, but as I said - "NATIONALISE EVERYTHING!" isn't.
 
Number_25 said:
Pay: £1,200.

Rent: £650
Phone Contract: £20
Internet: £25
TV License: ~£13
Food: £60
Gym Membership: £25
Water: £20
Electricity: ~£80
Council Tax: £90

£983.

£217 a month to play around with.

£217 * 12 = £2,604.

The deposit is usually around 10% of purchase value?

So yeah, in 10 years time - maybe?
Click to expand...

Ditch the phone, internet and gym plus £217 = £3,444, in three years you will have the deposit......additionally take an evening job in a bar 2 or 3 hours per night x 5 days produces another £5,000 a year after tax.

By the time your current lease is up you will have enough for the deposit and the legal fees and will be paying £200 per month less than you are now while sitting on an appreciating asset........
 
peteblue said:
Ditch the phone, internet and gym plus £217 = £3,444, in three years you will have the deposit......additionally take an evening job in a bar 2 or 3 hours per night x 5 days produces another £5,000 a year after tax.

By the time your current lease is up you will enough for the deposit and the legal fees and will be paying £200 per month less than you are now while sitting on an appreciating asset........
Click to expand...

Deary me.
 
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