New CPS report is calling for changes to help key workers get their foot on the property ladder, and repay them for their efforts during the pandemic.
The Centre for Policy Studies, Britain’s leading centre-right think tank, has developed an emergency plan to support the housing sector. ‘Help to Build’ – written by David Cameron’s former chief housing adviser – would help all developers to weather the storm, ensure continuing housing supply while saving smaller and medium sized developers from ruin and having to make hardworking employees redundant.
The Government is currently considering whether or not to reduce stamp duty in the coming months ahead of any election. This new report by Alex Morton argues that stamp duty on homes is a tax on mobility and aspiration, and calls for drastic cuts.
The UK needs an ownership revolution. ‘From Rent to Own’ proposes that for a single year, the Government should turn the Capital Gains Tax payable by a landlord on sale of a rented home into a rebate shared between landlord and tenant.
Up-front deposits mean renters lose out on accruing interest on their money, which they can also struggle to get back. A deposit replacement insurance system would insure landlords against damage or missed rent while allowing tenants to avoid borrowing.
Chris Philp, MP for Croydon South, proposes major reform of the planning system to increase housebuilding and promote home ownership.
CPS report sets out recommendations to meet the UK’s urgent housing need.