Tony Benn was wrong about much of Thatcher’s reign

As someone who worked and trained in government for many years as well as being involved in the trade union movement I can see there are two equally valid sides to this.

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Local government has proven itself to be a very poor landlord having to demolish much of its stock. The right to buy allowed a mixing of tenure giving tenants an opportunity to carry out their own improvements knowing they were investing in themselves. I see much evidence of stability being brought to council estates as a result.

There were sizable discounts allowing those choosing to buy to get a bargain given they had paid rent all these years. Once their mortgage was paid off (and protection was there if becoming unemployed) they were now rent FREE. Hooray! No longer a SLAVE, contrary to what Tony is suggesting.

My friend bought a semi at the same time I chose to rent. Ten years later my landlord wanted to sell and I was evicted. I faced homelessness while my friend now owned his property. It was a risk I choose to take albeit my home over the period was vastly superior to his.

Having now being made to rent a smaller place, I chose to buy, as at least I was investing in myself.

I like building societies and the ability to borrow to buy one’s home. What I hate are private banks lending to governments money they never had, at interest, stolen from the people.

British Rail was a disaster and needed sold off, like getting rid of a broken down car but the utilities etc should have remained in the hands of the state as the family silver so to speak.

At least I know that if I become an OAP, rent/mortgage is something I should not have to worry about having exercised a degree of financial prudence in the past.

Where people are becoming slaves is falling for the must have – must have an expensive car, latest phone, tv, kitchen, holidays etc and max themselves into debt. With the exception of a motorcycle needed to get me to college (with the help of a family member) I have never borrowed except to buy property and having done so I reap the rewards as I get older.

When my second hand CRT finally packs up I’ll go enjoy a 40in telly for all of £80 so long as the programs I occasionally watch remain free. Becoming financially independent was the important thing and achieved that in my early 30’s.

RabbiT

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4 Responses to “Tony Benn was wrong about much of Thatcher’s reign”

  1. peugeott says:

    Who arte you? to come out with drivel like that, the point is council property (our property ) should never have been allowed to be sold, Br Rail was a disaster? have you nnot got the sense to realise it was delberately run do. ahh forget it.

    • RabbiT says:

      I happen to be a Town Planner.

      If it was deliberately run down and was not sold (I do not speak of prime London locations) it would likely have become run down or demolished like much of “our property”.

      Yes B.R. was a disaster. I spent much of my youth in the Railway Clubs and Labour Clubs, my best friend a train driver and yes I spent time in the train yards through that connection and I spent 4 years commuting by train in the early 1980’s and it was absolutely shit.

      It was run down due to lack of investment perhaps due to the effects of WW2. Perhaps you can tell me more.

  2. peugeott says:

    British Rail was a disaster and needed sold off, like getting rid of a broken down car but the utilities etc should have remained in the hands of the state as the family silver so to speak…………………………..how will that work?

  3. phutter says:

    You cannot go on strike if you have a mortgage. That’s why she did it. A masterstroke.

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