June 17, 2019, 02:00 am

The UK government gave away cheap money for property purchase deposits, which the wealthy abused, driving up property prices and leaving UK taxpayers exposed


 17-06-2019 2:00 AM

In 2013, the UK coalition government of David Cameron's Tories and the Libdems' Nick Clegg launched a "Help to Buy" scheme that gave incredibly cheap, taxpayer subsidised loans to first-time homebuyers, who got their money interest free for five years and thereafter had to repay it at 1.75%...

Posted in:
Boing Boing
Boing Boing

This article was posted online by Boing Boing. Spot On Politics collects excepts of news articles from this news source and add these in the 'Liberal Blogs'-category. For mor einformation about Spot On Politics, you can check the About Us-page.

This story was posted in the category: