Following on from last week’s budget, with promises of help for aspiring home owners, Jonathan Loescher writes:
In the Budget, the Chancellor announced a £15.5 billion government package to support homebuyers. He announced that the Government would offer five-year interest-free loans worth up to 20 per cent of the value of new homes costing less than £600,000. It will also offer £12 billion of guarantees covering mortgages worth more than £120 billion. The schemes are intended to help 644,000 people buy homes over the next three years.
The problem is all of this is completely useless to the 1000’s victims of HS2:-
- People close to HS2 can’t sell their old houses for the next 15 years at least, so are unable to move anyway, and are therefore unable to take advantage of the offer five-year interest-free loans .
- Concerns that nobody would want to buy the homes within 1/2 mile of HS2 (irrespective of the mortgage guarantees available) because of the blighting the Government has caused by imposing HS2.
Why can the Government put £15.5 billion into this scheme whilst it is unwilling to properly compensate those affected by HS2? (The reason is HS2 is already over budget and the business case does not stack up even without properly compensation the victims of HS2.)
A high court judge used the words “ doomed from the start “, “foolish”, “ bizarre “,” very odd decision “, “muddled “ and “unlawful” to describe the governments compensation consultation for HS2.
So – George, look after the victims of your HS2 policies before you spend 15.5 billion on other property owners.