As a council house tenant who despises the idea of right-to-buy, I have to admit that George Osborne has put me in a quandary. Like all Tories, the Chancellor likes home ownership — after all, people who own rather than rent are more likely to vote Tory. It’s hard for him to repeat Margaret Thatcher’s right-to-buy trick because it was so successful that there’s hardly any council housing left to flog. So he’s increasing the incentive. As things stand, this Tory Chancellor is making me an offer: play his game and I can have wealth that I’m unlikely to acquire otherwise. Stick to my left-wing principles, and I can expect to be left behind as my friends and neighbours move on to ‘better’ lives.
The place I live in now, on a slightly grimy estate in Tooting, south London, has been my home for over 20 years. Amazingly, it’s now valued at £150,000 — but then garages in Chelsea sell for £500,000.
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