What is the explanation? It’s straightforward. Landlords are selling up because their costs – almost entirely down to borrowing costs – are going through the roof, and all of that is down to the Bank of England and their interest rate rises.
Millions of households are now living closer to destitution because the Bank of England has no idea how to identify the cause of inflation or tackle it in the circumstances in which we found ourselves.
In response, Labour and Tories lend the Bank their total support.
What sort of conspiracy against the people of this country is going on here?
Still, we know how to solve this, don’t we? I’m sure Spud was all in favour of limiting landlord access to interest relief. And he’s certainly claimed that such investment income should be subject to a 15% surcharge.
Those will help, don;t you think?