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Marley Miller @marleygmiller.bsky.social · Aug 18

The government should definitely be looking at this.

📉 Stamp duty makes it costly to move and puts people off downsizing - exacerbating the housing shortage.

⚖️ Council tax bands are clearly not fair and the system needs to be reviewed.

The Guardian @theguardian.com · Aug 18

Reeves considers replacing stamp duty with new property tax

Exclusive: Treasury examines options including tax on homes sold for more than £500,000 as well as overhaul of council tax * Business live – latest updates The Treasury is considering a new tax on the sale of homes worth more than £500,000 as a step towards a radical overhaul of stamp duty and council tax, the Guardian has been told. As Rachel Reeves prepares the ground for tax rises in this autumn’s budget, senior ministers have tasked officials to study how a new “proportional” property tax could be implemented and model its impact before reporting back to ministers, who have been briefed on the proposals. Continue reading...

www.theguardian.com

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Marley Miller @marleygmiller.bsky.social · Jun 18

Amazing to see the government announce the National Housing Bank that we called for.

This could be a transformational tool for attracting private investment into affordable housing.

And will be key for delivering 1.5 million homes this Parliament.

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Marley Miller @marleygmiller.bsky.social · Jun 12

See our full report here with Homes for the North
setting out why this model is needed and how it should be implemented:
www.global-counsel.com/insights/rep...

The case for public investment in affordable housing funds | Global Counsel

This paper was written by M

www.global-counsel.com

Marley Miller @marleygmiller.bsky.social · Jun 12

🏡Fantastic to see our proposal to give Homes England a new 'affordable housing bank' role in the Spending Review

This will be vital for attracting investment into affordable housing

And means the new £39bn Affordable Homes Programme can focus more on social rent homes to maximise affordability

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Reposted by Marley Miller

Marley Miller @marleygmiller.bsky.social · May 23

🚨New report with @homesfornorth calls on the government to adopt a novel approach to affordable housing investment:

Giving Homes England a ‘National Affordable Housing Bank’ role to invest alongside the private sector in funds set up to deliver discounted rent homes.

A 🧵on why this is needed:

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Marley Miller @marleygmiller.bsky.social · May 23

Full report available here:
www.global-counsel.com/insights/rep...

The case for public investment in affordable housing funds | Global Counsel

This paper was written by M

www.global-counsel.com

Marley Miller @marleygmiller.bsky.social · May 23

This is not a replacement for grant funding.

The model works for affordable rent homes for those on middle incomes.

This means more money from programmes like the Affordable Homes can be targeted on social rent – increasing housebuilding and overall affordability (12/12)

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Marley Miller @marleygmiller.bsky.social · May 23

Greater Manchester has also recently established similar approach to invest in housing for key workers.

💡The opportunity now is for the govt to scale this up to a national approach to ramp up housebuilding (11/12)

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Marley Miller @marleygmiller.bsky.social · May 23

This model has been used in Scotland

✅Every £1 govt invested has brought in £3-4 of private investment

✅1,200 homes will be built

✅Scot govt is expected to have loan paid back over 25yrs

✅Scottish National Investment Bank will make a positive return on investment (10/12)

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Marley Miller @marleygmiller.bsky.social · May 23

Under the fiscal rules, this kind of investment would be roughly FISCALLY NEUTRAL as the value of the projects would be counted as well as the cost.

The only cost would be on the discount offered on the loan vs HMT’s borrowing costs (9/12)

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Marley Miller @marleygmiller.bsky.social · May 23

To do this, Homes England should be given a “National Affordable Housing Bank” role:

With funding to invest in affordable housing funds if they can demonstrate they will deliver certain levels of affordable homes and can leverage wider private investment into projects (8/12)

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Marley Miller @marleygmiller.bsky.social · May 23

🪙The govt should use this change to invest in funds set up to deliver affordable housing at a low fiscal cost.

Using low-interest loans can turn market-rate rental housing into affordable rent.

Equity investment can attract private investment, incl from pension funds (7/12)

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Marley Miller @marleygmiller.bsky.social · May 23

However, at the Autumn Budget the government changed how it measures debt:

It now uses “Net Financial Debt” which considers the value of government financial investments as well as their cost (6/12)

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Marley Miller @marleygmiller.bsky.social · May 23

At the Spending Review the govt needs to consider how to target funding to boost housebuilding.

🤔BUT the Chancellor faces a particularly tough fiscal situation leaving limited room within the fiscal rules for the kind of investment needed using existing tools (5/12)

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Marley Miller @marleygmiller.bsky.social · May 23

The government’s planning reforms are a great start.

Higher housing targets will increase local authority ambition and the grey belt reforms will bring more land into the system.

Yet, the government is still forecast to fall short of its 1.5 million homes target (4/12)

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Marley Miller @marleygmiller.bsky.social · May 23

Housing associations face acute challenges.

High construction costs and new government safety/efficiency standards have required substantial investment in existing stock.

Many have had to halt their new build programmes, resulting in the largest fall in starts since 1978 (3/12)

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Marley Miller @marleygmiller.bsky.social · May 23

Housebuilding rates are at the lowest levels since the pandemic, due to high interest rates and increased borrowing costs.

40% fewer projects were started last year than the year before – with a similar number now as after the financial crisis (2/12)

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Marley Miller @marleygmiller.bsky.social · May 23

🚨New report with @homesfornorth calls on the government to adopt a novel approach to affordable housing investment:

Giving Homes England a ‘National Affordable Housing Bank’ role to invest alongside the private sector in funds set up to deliver discounted rent homes.

A 🧵on why this is needed:

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Marley Miller @marleygmiller.bsky.social · Apr 3

Very excited to be working with @davidlawrenceuk.bsky.social @jujulemons.bsky.social and team to make the progressive case for growth as a fellow at the new Centre for British Progress @britishprogress.bsky.social

Centre for British Progress @britishprogress.org · Apr 3

💫 We’re launching the Centre for British Progress

Our founding essay: Rediscovering British Progress is a case for growth that drives shared progress, rooted in Britain's values and industrial heritage.

It all starts with a postcard from 1870 👇

britishprogress.org/articles/red...

Cover of the essay Rediscovering British Progress available at https://britishprogress.org/articles/rediscovering-british-progress

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Reposted by Marley Miller

John Burn-Murdoch @jburnmurdoch.ft.com · Feb 24

NEW: updated long-run gap in voting between young men and women in Germany:

Gender divide continues to widen, but contrary to what is often assumed, young men continue to vote roughly in line with the overall population, while young women have swung sharply left.

www.ft.com/content/29fd...

210 1.5K 5.3K

Reposted by Marley Miller

New Economics Foundation @neweconomics.bsky.social · Feb 20

We will never have a strong economy unless we invest seriously in our public services. When we are in unwell, poorly educated, or living in precarious, poor-quality housing, our lives suffer, our communities suffer - and we are less productive.

Screengrab from Guardian reading: Investment in UK’s crumbling public services is pro-growth, says pensions minister
Exclusive: Torsten Bell defends Labour’s spending plans, saying ‘the status quo is economically and morally bankrupt’

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Marley Miller @marleygmiller.bsky.social · Dec 12

Great to see increased weight put on affordability in latest tweaks to housing need formula - will direct house building to where it’s needed most.

Changes at regional level vs method consulted on are here.

Main point is that target is 9,000 higher in London and SE.

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Marley Miller @marleygmiller.bsky.social · Dec 4

Theo has tragically been diagnosed with aggressive leukaemia and desperately needs a stem cell transplant to survive - please sign up for the stem cell register to see if you’re a match and can help him. Any shares would be hugely appreciated.

www.dkms.org.uk/get-involved...

Get Theo Matched

Theo from Wales has been diagnosed with Acute Myeloid leukaemia and urgently needs a stem cell transplant

www.dkms.org.uk

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Reposted by Marley Miller

David Lawrence @davidlawrenceuk.bsky.social · Nov 20

I have made a UK growth & progress starter pack! Let me know if you want to be added, or if I have missed anyone.

go.bsky.app/2AGSHqi

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Marley Miller @marleygmiller.bsky.social · Nov 20

🏗️ Labour’s clean energy mission and planning reforms are already speeding up infrastructure delivery.

✅ Infrastructure approvals are up 298% in October, driven by green energy projects

✅ Wider construction approvals up 59%

✅ Planning applications for new projects up 18%

tinyurl.com/4nhdta8u

Green energy projects drive rise in UK infrastructure approvals

Go-ahead for US$4.5 billion offshore floating wind farm helps bolster latest figures

tinyurl.com

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