swj99
Member
- Joined
- 7 Nov 2011
- Messages
- 770
Fair comment.take a look at what actually happened to the millions of people thrown on the scrap heap and the communities, still suffering today, that were destroyed by her policies.
Thatcher removed from companies the protection that they had benefited from for many years, which exposed them to fierce competition from foreign companies, which still had government support in their own home markets. Many of these UK companies failed while their EU competitors did not. As a result of her economic policies, there was a significant contraction of the manufacturing sector between 1979 and 1982. Output fell by 16%, investment fell by 30%, GDP fell by 6%, and unemployment rose from 1.3 million to over 2.8 million.
I can understand how people in the south of the country might not be aware of this, but there is indeed still evidence of the damage, if you look for it further north.part of the country ripped apart by her cruel, vile and divisive politics.
I dont think all the ills of this country can be blamed on Thatcher, and whilst I wouldnt wish death on anyone, in my opinion she was no saint, and I certainly dont think she was the saviour that many believe her to have been.
I'm so pleased to find I'm not alone in thinking the same thing.Now her successors vilify the people put in this mess by the spiritual leader. Nice.
Correct, and it led to a housing boom and proliferation of buy to let landlords who of course charge market rents for their properties, and is a significant reason that local authorities today pay out such a lot of money in housing benefit, which of course results in higher council tax bills for those eligible to pay it.And where has this policy led? Massive underprovision of housing.
Not quite. In fact the opposite is probably true.But the number of houses was still the same, so if anything it would reduce demand in the rental sector and bring prices down. Pretty basic economics really.
The difference is that with the old idea of 'social housing', rents were affordable and not subject to profit or market forces. However the private rental market is.
There has been a massive growth in the private rented sector in the last 20 years. In 1991 less than 7% of people lived in privately rented accommodation, whereas now it is nearly 16%. Buy to let mortgages were introduced in 1995 and there are now over 1.5 million buy to let mortgages in the UK. According to the governments Survey of English Housing for 2008 and 2009, there were estimated to be around a million landlords in the UK.
Because of the growth in the UK population, 250,000 new properties need to be built every year. But this target has not been met, and the shortage means demand has outstripped supply, which has fuelled the rise in property prices.
The UK rented property market is still a growing market because while mortgage lending is still tight, demand for properties is still growing, so people are having to rent rather than buy.