According to the British Adam Smith Institute:
It is a truth universally acknowledged that the UK is in something of a housing crisis. Home ownership has been declining for half a century. 90% of 25-34 year olds face average regional housing prices 3 to 4 times their income, up from less than half 20 years ago. Rent as a share of income has been rising, making the prospect of saving for mortgage deposit increasingly remote.
Odd. Afterall the United Kingdom has a capital gains tax, apparently the solution to our housing crisis.
Unable to gain popular support for one here, Ardern still believes NZ should do the same:
Despite ruling out ever introducing a capital gains tax, Prime Minister Jacinda Ardern still believes New Zealand should have one.
Asked on Newshub Nation if she had "betrayed" Labour supporters by canning plans to introduce one after the 2020 election, Ardern said no.
"I've certainly not had that feedback from people that they take that view," she told host Simon Shepherd on Saturday morning.
"Did I believe in it? Yes. Still do."
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