NEW: @BloombergUK Saturday read
Tory MPs fear an existential threat: the ‘Conservative dream’ — homeownership, rewarding hard work, living longer and passing on a better life to your children — is dying after 13 years of power
bloomberg.com
Tory MPs fear an existential threat: the ‘Conservative dream’ — homeownership, rewarding hard work, living longer and passing on a better life to your children — is dying after 13 years of power
bloomberg.com
— Mortgage crisis
Growing concerns a looming disaster could devastate millions and kill off any election hopes
Problem acute for key voters: people with larger mortgages in the south-east, aspirational middle classes in their 40s in marginal seats
bloomberg.com
Growing concerns a looming disaster could devastate millions and kill off any election hopes
Problem acute for key voters: people with larger mortgages in the south-east, aspirational middle classes in their 40s in marginal seats
bloomberg.com
— 800,000 people face doubling mortgage rates in 2023
— people with £500,000 mortgages may have to find an extra £1,000pm
— some will face payments of £3,000pm
— huge issue in places like Tory-LibDem marginal of Richmond Park, where 15,000 have mortgages
bloomberg.com
— people with £500,000 mortgages may have to find an extra £1,000pm
— some will face payments of £3,000pm
— huge issue in places like Tory-LibDem marginal of Richmond Park, where 15,000 have mortgages
bloomberg.com
Flip side of the housing crisis is the failed manifesto promise of 300,000 new homes a year, as leafy backbenchers blocked ambitions
Higher interest rates mean homeownership is even less attainable for young people. They’re now stuck with soaring rents
bloomberg.com
Higher interest rates mean homeownership is even less attainable for young people. They’re now stuck with soaring rents
bloomberg.com
— Tory MPs accuse their own govts of killing aspiration with stealth taxes and shocking marginal rates
— minister says tax system needs a complete overhaul
— freezing income tax thresholds will make some families £40,000 worse off over next decade
bloomberg.com
— minister says tax system needs a complete overhaul
— freezing income tax thresholds will make some families £40,000 worse off over next decade
bloomberg.com
Tory MPs are seething about unbelievable marginal tax rates
— a single earner family with 3 kids pays a marginal rate of 68% on income between £50-60k
— a single person on £50k pays marginal rate of 42% (analysis by @John_Stepek)
bloomberg.com
— a single earner family with 3 kids pays a marginal rate of 68% on income between £50-60k
— a single person on £50k pays marginal rate of 42% (analysis by @John_Stepek)
bloomberg.com
Childcare
— Tory MPs see this as a big election issue with parents paying toward £2,000 a month for a nursery place in the south-east
— MP says govt should look at Norwegian style cap of ~£300pm to boost productivity
— but no money and no plan so far
bloomberg.com
— Tory MPs see this as a big election issue with parents paying toward £2,000 a month for a nursery place in the south-east
— MP says govt should look at Norwegian style cap of ~£300pm to boost productivity
— but no money and no plan so far
bloomberg.com
— NHS crisis
Who’ll be most worried about reports of people in their 60s dying of heart attacks as no ambulance shows up? Older voters fundamental to the Tory vote, one MP says
— and look at this shocking graph on excess deaths >>
bloomberg.com
Who’ll be most worried about reports of people in their 60s dying of heart attacks as no ambulance shows up? Older voters fundamental to the Tory vote, one MP says
— and look at this shocking graph on excess deaths >>
bloomberg.com
— Tory MPs say crime affecting middle classes has got out of control
— some offences effectively legalised as police don’t investigate
— <7% of domestic burglaries result in charges
— car theft <1%
— 2 million anti-social behaviour incidents unattended
bloomberg.com
— some offences effectively legalised as police don’t investigate
— <7% of domestic burglaries result in charges
— car theft <1%
— 2 million anti-social behaviour incidents unattended
bloomberg.com
Other gripes from Tory MPs on their govts’ unconservative policies
— sewage: top issue in MP inboxes
— personal service companies smashed
— private schools becoming the preserve of the international super-rich as well-off Brits are priced out
bloomberg.com
— sewage: top issue in MP inboxes
— personal service companies smashed
— private schools becoming the preserve of the international super-rich as well-off Brits are priced out
bloomberg.com
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