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Michaeldakin (talk | contribs) |
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|| This is taken from Monster recruitment measurements of salary<ref>Average Salary Information for the UK - https://www.monster.co.uk/career-advice/article/uk-average-salary-graphs</ref>. Typically it would be the salary received by somebody who has been working up to 9 years. Average salary would historically have increased by £1000 per year. As we've seen this is not the case under austerity with wage growth being stagnant.</br></br>
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|'''Percentage of Wage''' || The percentage of wage that is consumed in mortgage payments. This is calculated on a single mortgage payer, while in many cases a property will be bought by a couple. However it is based on gross income before stoppages, so even with two people buying a property a very large percentage of their income would be spent on the mortgage. The level of mortgage payment leaves no leewway for change of circumstances such as one party of a couple losing employment or their hours being reduced. Our work place environment is highly unstable at the moment, imposing a large risk on lenders.
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: '''<big><big>Help to buy was first introduced in 2013 by then chancellor George Osbourne. The scheme provided 20% of the house price on new builds for first time buyers. At the time £10 billion was put aside for the scheme.</big></big>''' </div>
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And let's look at what their Director, James Kirkup, said:
:::'''"British politics is in flux. The ideas of the radical centre need a champion. People – of all parties and none – who reject the strident extremes that too often dominate political debate today need a home. SMF will be that champion and offer that home."'''▼
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So not only are they a think tank, of which we unfortunately already have many who are undemocratically influencing government, they clearly state that they are opposed to the policies of the Labour party of removing private companies out of the provision of public services. They are described as experts in the media, but describe themselves are "radical centre", which sounds strikingly like an oxymoron. Rather like saying you are a radically wedded to being a couch potato. Maybe the term should be radically anti-radical.
===Only a think tank - why should we care what they think?===
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| [[John Woodcock]] MP|| Labour MP! ||
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===Private Finance and the extraction of housing assets===
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