• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

London mayor candidate says homeless could save £5k for house deposit

He was branded “completely out of touch” following the comments.

Jack Peat by Jack Peat
2021-01-14 10:56
in Politics
FacebookTwitterLinkedinEmailWhatsapp

Shaun Bailey’s ‘millennial homes’ plan for London has come in for criticism after the London mayor suggested homeless people should have no trouble saving up the £5,000 deposit needed to buy a house.

Mr Bailey has promised to deliver 100,000 affordable homes with his £4 billion housing budget if he wins the election in April, with a large proportion of them shared ownership.

He hopes buyers will be able to purchase a share for as little as £100,000, meaning a mortgage could be available for a deposit of £5,000.

But he was branded “completely out of touch” following comments made in regards to the city’s 62,000 homeless households after he suggested they could save up for a deposit.

Asked by Inside Housing if he thought a £5,000 deposit would prevent people living in temporary housing getting a mortgage, Mr Bailey said: “I don’t think £5,000 will. The mortgage application thing might be a bit tougher.”

Asked again if he thought people living in bed and breakfast accommodation could afford a £5,000 deposit, he said: “They could save for it, yeah.”

A London Labour source said: “The Tory candidate for Mayor of London has the wrong values for London and is completely out of touch with the lives of Londoners.

RelatedPosts

Conservatives suffer hat-trick of council by-election defeats

Watch: Tories take a beating as BBC QT heads to Inverness

Steve Bray fundraiser nears a quarter of a MILLION pounds

Labour MP asks whether US-born Boris should be deported for breaking the law

“His belief that homeless families can afford a £5,000 deposit to buy a home and his unacceptable views on people living in council housing show he is simply the wrong choice to be our Mayor.”

Asked about the claim for a third time, Mr Bailey clarified: “Not all of them, but some people could. A full proportion of people could.”

He then admitted that when he was “sofa surfing” for years when he was younger, he could not have afforded a £5,000 deposit for a house.

“You’re right,” he said. “I definitely couldn’t have come up with £5,000, but those people I’m not expecting to or asking to. We’ll provide social housing for them.”

Related: Fisheries minister didn’t read Brexit bill because she was “organising the local nativity trail”

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Parliamentary Sketch 14th January – “If your name’s not down you’re not getting in.”

Weather forecast, alerts and UVB index for London, Friday 7 May 2021

‘Putin now KNOWS he is losing the war’ – Ex-Russian PM drops bombshell

Watch – Thousands of schoolchildren gathered outside Westminster to protest about climate change

Review: Charlotte Carpenter – The Fault Line

Oxford jab criticism ‘probably killed hundreds of thousands’, scientist says

Fifty-seven years on from gaining sovereignty where is the Congo’s independence?

Danny Baker sacked over “racist” Tweet about new royal baby

Brazilian stars transfer talks more advanced than before

Coveney questions if UK wants ‘breakdown in relations’ with EU in late-night Twitter spat with Frost

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.