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Slight shift off thread . . . But does anyone know how much tax Persimmon paid last year?
https://www.persimmonhomes.com/corporate/media/326696/half-year-results-2017.pdf
Slight shift off thread . . . But does anyone know how much tax Persimmon paid last year?
You'll be moaning about umbrella companies profiting from rainy days next, lawn mower companies benefiting from planning policies requiring gardens, and the connection between dentist profits and mint humbugs.
New tin hat for Christmas?
There are more homes
Who is the social housing intended for, and for how long are they expected to live in it?
Is social housing provision a solution, or a step towards some other goal / target / objective?
foreigners
Social housing is a response to market failure.
Market failure - an inefficient allocation of resources. Social housing is a response to market failure.
Not everyone has any or sufficient income, and therefore the means to buy or maintain their own house.
There's only so much help to give.
Your statement that social housing is a response to market failure presumes that everyone can and will pay for their own dwelling.
HTB is just that: help. It isn't "pick up the whole tab".
I've just been speaking to the bloke who owns the corner shop next to the site, and told him how he should be ashamed that we decided to build next to him and that his profits have increased by 50%. He just shrugged, sold me my copy of the Morning Star and told me to **** off.
Where would the billions come from then for all these jobs and services?
Bearing in mind we are already billions in debt
No it does not. You are looking at it from the demand side.
HTB distorts the market.