'Arguments in favour of high immigration to defuse the “pensions time bomb” do not stand up to scrutiny as they are based on the unreasonable assumption of a static retirement age as people live longer and ignore the fact that, in time, immigrants too will grow old and draw pensions. Increasing the retirement age, as the Government has done, is the only viable approach to resolving this issue.'
This website is a useful source of information with respect to the housing problem faced by many young people. I pity those who will graduate after paying £9000/year tuition fees and want to buy a house.
In my opinion, one of the problems in the housing market is the favourable situation with respect to tax.
A landlord can buy a property, rent it out to pay the mortgage, and then sell it at a profit, while incurring a lower rate of tax than if they had earned that money through a regular job. I think that's wrong and people should pay the same rate of tax no matter how they earn their money. Apparently
some people don't agree and think that a hike in capital gains tax would be unfair.
I suppose it depends how you view property. As a roof over your head, or an opportunity to make money.
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