Definately not Labour

in or out politics

Today,  I am posting why I personally would not be voting Labour tomorrow, it is a view with one eye on the negative effects it could have on the property industry and the other on a few points in general that others may not be aware of.

It is not only myself that feels that the Labour Housing policies could be a disaster for our industry, experts from across the sector are predicting that Labour policies could seriously damage the Estates and Lettings Industry.

Zoopla property website recently warned,  “a Labour government could have serious repercussions for the property market and the economy as a whole”

Labour housing market policies will do nothing for UK property market investment, with the introduction of rent controls and property taxes  discouraging landlords and investors, whilst the removal of government support schemes for first time buyers is likely to further lower consumer spending.

It is posted almost everywhere the proposed Labour policies in detail so I will not go on and bore you with listing them all out again, they have been covered in previous posts.

We have seen a turnaround  in recent years in the property market under the Cons/Lib-Dem coalition, I would expect that all to be reversed if Labour were to get their way, the proposed “Mansion Tax” is a prime example of a poor policy that is meant to tax the so called super rich which will infact  affect ordinary British Families as well. The possibility of falling house prices and rising interest rates would negatively affect our sector and in so doing negatively affect the Property Industry as a whole.

While we look forward as to what might or might not happen if a Labour Government were elected to office, lets just look back a few years and reflect on some of the major happenings under the last Labour Government.

Left the country almost Bankrupt (remember the famous letter “there is no money left”), sold our gold reserves at practically an all time low, food banks were actually introduced during the previous Labour Government, the Rotherham sex scandal which is still being dealt with today, massive opening of the doors too early to European immigration for which they have apologised for, introduced privatisation to sectors of the NHS, still will not give British Citizens the right to vote in a European referendum.

Labour is a definate No for me.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Housing Ombudsman’s report demonstrates necessity of vibrant and growing private rental sector

Following a recent report from the Housing Ombudsman titled ‘Spotlight Report: Repairing Trust’, which revealed that 2024/25 witnessed a 474 per cent surge in complaints about poor living conditions compared to 2019/20, Propertymark has stated that this demonstrates the necessity for a vibrant and growing private rental sector. Referencing the UK Government’s ambition to construct…
Read More
Breaking News

Inheritance Tax Receipts raise £1.5 billion in two months

Inheritance tax receipts hit £1.5 billion in the first two months of the current tax year, according to data released by HM Revenue and Customs (HMRC) this morning. This is £98 million higher than the previous tax year, and continues an upward trend over the last two decades. Nicholas Hyett, Investment Manager at Wealth Club…
Read More
Breaking News

Propertymark Responds to Boiler Scheme Consultation

Responding to the Department for Energy Security and Net Zero’s Boiler Upgrade Scheme and Certification requirements for clean heat schemes consultation (England, Wales and Scotland), Propertymark has stressed the concerns of property agents that landlords are struggling to afford energy efficiency improving measures and warn that the scheme must evolve to protect the availability of…
Read More
bank of england interest rate
Breaking News

Industry Reaction to Bank of England’s decision to hold interest rates at 4.25%

Following a previous cut in May, the rate has today been held at 4.25%. This comes as a result of inflation easing slightly to 3.4% (May 2025), but remaining higher than the Bank of England target rate of 2.0%. The decision to hold the base rate by the Monetary Policy Committee was the result of…
Read More
Breaking News

Rents Climb as High as 17.4%

The latest market analysis by London lettings and estate agent, Benham and Reeves, has found that rents across Britain have surged by as much as 17.4% in some areas since the Labour Government adopted the proposed Renters’ Rights Bill which is likely to become law later this Summer after the Bill enters the House of Lords…
Read More
Breaking News

Breaking Property News 19/06/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Cloud-based practice management platform launches at Taylor Rose Taylor Rose parent AIIC Group rolls out cloud-based practice management platform AIIC Group (“AIIC”), the legal group behind law firms Taylor Rose, FDR Law and Kingsley Wood, is rolling out a new fully cloud-based practice management…
Read More