The Guardian view on help to buy: entrenching housing inequalities, rather than helping | Editorial

The Tories’ flagship scheme has aided higher earners most. The latest analysis of its flaws should lead to a rethink The results are in. The biggest winners from the Conservatives’ help to buy scheme were high-earners who were already likely to buy a house. The Institute for Fiscal Studies (IFS) examined who benefited from the policy, and concluded that the top 10% of earners received the largest cash benefit. Rather than helping people to buy, it more likely helped the already fortunate to accumulate wealth quicker (by helping them buy earlier, or more expensive properties). Of course, this distorted the market: pushing prices up in some areas, and largely increasing competition rather than supply. That its flagship housing policy accelerated housing and wealth inequalities during a time when the government insisted deep cuts to public finances were needed is not just shocking – it underlines how deep the Tory project of redistribution went. In the 12 years to 2022-23, net spending by councils on housing, per person, was cut by 35%, while spending on planning and development was cut by a third – but clearly there was some cash to go around. This study adds to earlier ones that hav

Apr 23, 2026 → Apr 23, 2026