Latest editorial
'Help to Buy' will go bust, warns Labour MP
Michael Meacher brands Tory scheme 'contemptible'
Left MP Michael Meacher warned yesterday that the government's "disastrous" Help to Buy mortgage scheme would spark an artificial housing price boom followed by a collapse.
Prospective home buyers will be enticed to take the plunge into the stormy waters of the housing market with a government-backed offer of 95 per cent mortgages.
"It is utterly contemptible and irresponsible," declared Mr Meacher as Prime Minister David Cameron trumpeted a major extension of the scheme.
More from this author
The Morning Star reprints an account of the event to mark Corbyn’s 30th anniversary of being an MP, from Wednesday September 4 2013, by then parliamentary correspondent ROGER BAGLEY
Similar stories
MARTIN WICKS argues that the government’s reduced discounts for council house purchases don’t go far enough, and we need to be calling for the complete abolition of this regressive Thatcherite policy
