Lord Sugar critical of Jeremy Corbyn

Lord Sugar, speaking to the Evening Standard  reportedly  said he fears that Jeremy Corbyn the Labour Leader could severely damage London’s housing market if he ever gets into Downing Street.

He was actually quoted as saying  “He and his policies would be the thing that shuts the whole thing down and  that if Corbyn were to become Prime Minister, “we should all move to China”.

Lord Sugar really needs no introduction when it comes to taking about business, he is one of Britain’s most successfull entrepreneurs, in more recent times he has become known for his role in the popular TV series The Apprentice.

At the Labour conference held earlier in the week Corbyn had backed his Shadow Housing Minister who had earlier promised “The largest council house-building programme in a generation, the full devolution of housing finance to local government, loans to kickstart work on 22,000 homes stalled by the deep recession, powers for councils to license private landlords, and a mortgage rescue scheme that helped thousands facing repossession stay in their homes”.

Lord Sugar was equally critical of Corbyn when he appeared on ITV’s This Morning Program, in one of his comments he reportedly said “They’ve voted him in and my personal opinion is that I cannot visualise someone like him talking to Angela Merkel or Barack Obama or Francois Hollande – I just can’t…. Would the public like him talking to those people representing us as the Prime Minister of this country? I don’t think so.

“I don’t know what his policies are, but from what I’ve gleaned so far, he wants to go back about forty years in time, when perhaps, there was a need for the protection of the oppressed population.”

 

 

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

First-time buyers get more market town for their money in the Midlands

Leek, West Midlands is the most affordable market town for first-time buyers, at an average £191,359 Immingham, Yorkshire and the Humber most affordable for all buyers, at £176,918 Overall, average house price in market towns now £363,456, up 5% in the last year and 24% in the last five years First-time buyers paying an average…
Read More
Breaking News

Placemaking around rail is a winning blueprint

The Government has announced that around 40,000 new, high-quality homes will be built on surplus railway land, as the Transport Secretary, Heidi Alexander, unlocks brownfield sites across the country for development. Richard Beresford Chief Executive of the National Federation of Builders (NFB), said: “The Government has a chance to set a new standard in placemaking…
Read More
Rightmove logo
Breaking News

Rightmove: Average two-year and five-year fixed mortgage rates now level

Rightmove’s daily mortgage tracker shows that the current average two-year fixed mortgage rate is currently level with the average five-year fixed mortgage rate.   Both the average two-year fixed rate, and five-year fixed rate are currently 4.52% Prior to July 2025, the last time this was the case was in September 2022 before the mini-Budget…
Read More
Breaking News

UK Homemovers Relocating Over 50 Miles

UK Homemovers Now Relocating Over 50 Miles as Buyers Seek Better Value Beyond the City The latest research by GetAgent Exchange, a platform enabling estate agents to monetise out-of-area applicant leads, has found that UK long-distance movers are now relocating an average of 52 miles from their original location, rising to over 80 miles in…
Read More
Breaking News

Beach hut values soar by as much as 100%

The latest research from over-50s property specialists, Regency Living, reveals that it’s not just demand for bricks and mortar that is pushing up house prices in Britain’s most desirable coastal locations, with the average price of a beach hut soaring by as much as 100% in some seaside towns. High cost of coastal homes England’s…
Read More
Breaking News

Revealed: the most lucrative shared living postcodes

New research from COHO, the HMO management platform, reveals that the shared living market in England & Wales generates an estimated monthly rental income of £1.4bn. But which postcode areas are creating the most income from shared living? How much are HMOs making in your postcode? Find out here COHO has analysed the estimated number…
Read More