Posts Tagged ‘Tory manifesto launch’

Labour’s blind spot on right to buy will prove costly

14/04/2015, 10:49:10 PM

by Atul Hatwal

Three words: right to buy. Three simple words that unhinge the Labour party.

The Tories have set the most obvious and well sign-posted trap for Labour by extending right to buy to social housing tenants. A trap that was first set over thirty years ago to lethal political effect.

As news of this latest 80’s revival broke online on Monday night, Labour activists, MPs and Labour supporting journalists tweeted themselves into angry apoplexy.

Meanwhile, the leadership ran for cover. Emma Reynolds, Labour’s shadow housing minister, released a statement with the headline, “Another uncosted, unfunded, unbelievable announcement from the Tories.”

The Tories’ sudden pledge to spend £8bn on the NHS might not be believable, but does anyone seriously think they will not extend right to buy? Come on.

Right to buy is more than just a housing policy; it embodies a set of values and delivers a precision targeted retail offer. Labour’s guttural online reaction demonstrates a desperate lack of understanding by the party on both counts.

In terms of values, right to buy is about aspiration and personal freedom: the dream of owning your own home and taking control of your life, outside of the purview of the welfare state.

The media debate about extending right to buy is not about technocratic policy but whether the parties are for or against home ownership, whether they believe the state should or should not allow people in social housing to buy their property.

Labour complaints about the policy might be well founded. It does indeed do nothing for the growing army of private renters who will not benefit.

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Labour’s manifesto launch went well but it’s tin ear on aspiration could prove costly

13/04/2015, 09:04:49 PM

by Samuel Dale

Labour’s manifesto launch went well. The focus on tackling the deficit was right and Ed Miliband’s performance was assured.

But on Tuesday it’s the turn of the Tories and how Labour responds to their retail offer will be critical to deciding the outcome of the election.

We already know one of the centre-pieces of the Tory prospectus: inheritance tax cuts were widely trailed across the media, over the weekend. And so far, Labour has seriously mishandled its response.

George Osborne first floated a £1m inheritance tax-free allowance in the autumn of 2007 when its popularity saw off the election that never was.

The latest plan removes family homes worth up to £1m from inheritance tax from 2017.

It comes hot on the heels of big cuts to inheritance taxes related to pensions and Isas.

The current inheritance tax rules offer a £325,000 individual allowance with an additional £325,000 transferable allowance from your husband or wife. In effect £625,000 can be passed tax free to a married couple’s children.

Labour has been keen to point out that only 4% of people will benefit from the changes. The IFS says “over 90%” of estates are unaffected.

The implication has been that only the rich will benefit and as such this can’t turn an election.

So why do the Tories think it is a big vote winner? The £1bn centre-piece of their manifesto.

Firstly, it gives a bottom-line financial incentive to the wealthy estates who will directly benefit. They are the better-off pensioners who vote in large numbers (and the Ukip vote the Tories desperately need back).

Secondly, and more importantly, it is about aspiration.

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