Tory Peer Condemns His Party's 'Attack On Buy-To-Let'

Lord Flight, a former Conservative Shadow Chief Secretary to the Treasury, has attacked the Government’s buy-to-let tax changes, warning they could destabilise Britain's housing market by triggering "a sharp fall in prices, if not a crash". He said the Government's policies also threatened to "put thousands of tenants’ security at risk", predicting that landlords would rush to sell to sell properties having first evicted tenants. Lord Flight is the first prominent politician to openly criticise the Government's surprise assault on private landlords, which will see many pay significantly more tax on their rental income and higher rates of stamp duty.  Read more on the Daily Telegraph website.