The Real Ticking Time Bomb For The Tories Is Home Ownership

It is shocking that just 63.3 per cent of English households now own their own home, down from 70.9 per cent in 2003 and back to levels last seen three decades ago. In stark contrast, home ownership has been shooting up in France, rising from 60.5 per cent in 2007 to 64.3 per cent in 2013. British and US commentators who believe that home ownership is passe and that we must all join Generation Rent need to look beyond the English-speaking world. The UK is now well below the European Union average: across the 28 member states, 70 per cent of households are owner-occupiers. This is an extraordinary reversal which goes to the heart of David Cameron’s vision for an aspirational meritocracy. Read more on the Daily Telegraph website.