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"Tories have unhealthy financial reliance on property developers"

July 12, 2021 10:00 AM
By Transparency International UK in www.transparency.org.uk
Originally published by Southend Liberal Democrats - Working For You

New research reveals extent of Conservative Party's financial reliance on property sector

One in every five pounds donated to the Conservative Party between 2010 and 2020 came from companies and individuals with a substantial interest in the housing market, new research from Transparency International UK reveals.

House of Cards warns that this unhealthily high reliance on those with certain interests creates a risk that ministerial decisions are incentivised by their party's financial ties to housing developers, major landowners, and those with large property portfolios.

Read the report

The report, which examines the factors informing the UK's housing policy, concludes that this may deter the government from taking bold decisions necessary to tackle Britain's growing housing crisis at a time when there is a lack of affordable homes and OECD research suggests one in five renters are struggling to keep a roof over their heads.

KEY FINDINGS

The current party of government secures a significant proportion of its income from a small number of individuals and companies with a substantial stake in the housing market.