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New tax on foreign home buyers to help rough sleepers, PM says | New tax on foreign home buyers to help rough sleepers, PM says |
(about 1 hour later) | |
Foreign property buyers will face an extra tax with the money raised being spent on tackling rough sleeping, Prime Minister Theresa May has said. | Foreign property buyers will face an extra tax with the money raised being spent on tackling rough sleeping, Prime Minister Theresa May has said. |
She said foreign buyers could face a surcharge of 1% or 3% on top of stamp duty to stop them driving up UK prices. | She said foreign buyers could face a surcharge of 1% or 3% on top of stamp duty to stop them driving up UK prices. |
Rough sleeping has been rising for the past seven years that the Conservatives have been in government. | Rough sleeping has been rising for the past seven years that the Conservatives have been in government. |
Homelessness charity Shelter said the housing crisis will remain until more social housing is built. | Homelessness charity Shelter said the housing crisis will remain until more social housing is built. |
Stamp duty is a tax on properties worth more than £125,000. | Stamp duty is a tax on properties worth more than £125,000. |
"The money we raise from this extra stamp duty is going to be spent on dealing with the issue of rough sleeping," Mrs May told the BBC's Andrew Marr programme. | "The money we raise from this extra stamp duty is going to be spent on dealing with the issue of rough sleeping," Mrs May told the BBC's Andrew Marr programme. |
Mrs May said evidence showed that foreign buyers who do not pay tax in the UK push up house prices and lower home ownership in the UK. | Mrs May said evidence showed that foreign buyers who do not pay tax in the UK push up house prices and lower home ownership in the UK. |
About 4,750 people are estimated to have slept rough on any given night in England in 2017. | |
"We've sadly seen roughly sleeping going up recently, which is why it is is important we are taking a number of actions," Mrs May said from Birmingham, where her party's annual conference has begun. | "We've sadly seen roughly sleeping going up recently, which is why it is is important we are taking a number of actions," Mrs May said from Birmingham, where her party's annual conference has begun. |
"We've already put money in to projects to ensure that we are helping those who are sleeping rough, this will enable more money to be put in." | "We've already put money in to projects to ensure that we are helping those who are sleeping rough, this will enable more money to be put in." |
Mrs May highlighted projects such as the Housing First model, being piloted in the West Midlands, which sees rough sleepers given a home, rather than shelters. | Mrs May highlighted projects such as the Housing First model, being piloted in the West Midlands, which sees rough sleepers given a home, rather than shelters. |
In August, the government announced a £100m strategy to tackle rough sleeping on English streets, but it was criticised as it became apparent no new money was being invested. | In August, the government announced a £100m strategy to tackle rough sleeping on English streets, but it was criticised as it became apparent no new money was being invested. |
The Conservatives say this policy would help British residents "get the right home for them" and "end the scourge of rough sleeping for good". | The Conservatives say this policy would help British residents "get the right home for them" and "end the scourge of rough sleeping for good". |
It is unclear when the new rates would be introduced. | It is unclear when the new rates would be introduced. |
Shadow chancellor John McDonnell said the Conservatives were "desperately trying to play catch up" with a "rehash" of his party's proposals from Labour's 2017 manifesto. | |
"Unlike the Tories' proposal this weekend, Labour's fully costed offshore company property levy targeted the tax avoiders and those seeking to speculate on UK property markets," he added. | |
While Shelter welcomed the proposed funding, it said it was "a national disgrace that so many of our fellow citizens are still sleeping rough in modern Britain". | While Shelter welcomed the proposed funding, it said it was "a national disgrace that so many of our fellow citizens are still sleeping rough in modern Britain". |
"We need to understand that the housing crisis will remain for as long as we fail to build more social homes to give people a secure and affordable way to live," the charity said. | "We need to understand that the housing crisis will remain for as long as we fail to build more social homes to give people a secure and affordable way to live," the charity said. |
In 2016-17, about 217,000 new homes were built in England - almost a third short of the government's target of 300,000. | In 2016-17, about 217,000 new homes were built in England - almost a third short of the government's target of 300,000. |
Labour party chairman Ian Lavery said: "The Tories are offering watered down, half-baked policies that don't begin to compare with Labour's radical plan to rebuild Britain after years of austerity." | Labour party chairman Ian Lavery said: "The Tories are offering watered down, half-baked policies that don't begin to compare with Labour's radical plan to rebuild Britain after years of austerity." |
Under proposals announced last week, Labour said if it was in government it would introduce a new levy on second homes that are used as holiday homes, ban letting agent fees and scrap laws allowing private landlords to evict tenants without giving a reason. | Under proposals announced last week, Labour said if it was in government it would introduce a new levy on second homes that are used as holiday homes, ban letting agent fees and scrap laws allowing private landlords to evict tenants without giving a reason. |
Housing is a devolved issue, but Scotland and Wales have also reported rises in homelessness and rough sleepers. | Housing is a devolved issue, but Scotland and Wales have also reported rises in homelessness and rough sleepers. |