Immediate and retrospective Site Valuation Tax on all development land; with higher charges on property with which the taxpayer voluntarily absorbed bank debt with a view to providing relief to the wider EU finances.
This money funds an immediate building program, with community owned projects tendering for contractors and arranging planning permission with councils.
The current Central Bank mortgage lending rules are clearly designed to protect it’s stakeholders (the banks) and do nothing to reduce the cost of homeownership; which must be the government policy. Increased upward pressure will inflate GDP and produce a false illusion of Health GDP growth.
The overheated rental/ownership market is putting pressure on employees to demand reasonable wage increases, and thus pushing some businesses towards a danger zone; with global economic storm clouds gathering (despite best efforts of governments with 0% interest and unprecedented money printing).
