A new generational contract - Revision history

Designing Buildings at 08:06, 29 January 2021

2021-01-29T08:06:55Z

← Older revision		Revision as of 08:06, 29 January 2021
Line 39:		Line 39:
	* The rise of multiple property ownership in Britain.		* The rise of multiple property ownership in Britain.

−	[[Category:~~Publications_/_reports~~]] [[Category:~~Policy~~]] [[Category:~~DCN_Policy~~]] [[Category:News]] [[Category:~~DCN_News~~]]	+	[[Category:DCN_Commentary]] [[Category:DCN_News]] [[Category:DCN_Report]] [[Category:News]] [[Category:Publications_/_reports]] [[Category:Policy]]

Designing Buildings at 15:34, 10 May 2018

2018-05-10T15:34:34Z

Editor: Created page with "File:Generationalcontract.jpg In May 2018, the influential thinktank the Resolution Foundation published a report following a two-year study into intergenerational fairness...."

2018-05-08T09:45:41Z

Created page with "File:Generationalcontract.jpg In May 2018, the influential thinktank the Resolution Foundation published a report following a two-year study into intergenerational fairness...."

New page

[[File:Generationalcontract.jpg]]

In May 2018, the influential thinktank the Resolution Foundation published a report following a two-year study into intergenerational fairness.

The report, titled ‘A new generational contract: the final report of the Intergenerational Commission’ contains the conclusions of the Commission and provides an analysis of the intergenerational challenges between the ‘baby boomers’ and ‘millennials’ and their respective prospects.

David Willetts, the former Conservative universities minister, chaired the panel, which also included Frances O’Grady, the TUC Secretary General, and Carolyn Fairbairn, the CBI Director General. According to Fairbairn, the conclusions were built around the acceptance that the ‘tacit deal in which the young look after the old and the old help the young have a better life than the generation before’ had demonstrably broken down.

As well as suggesting policies such as a £10,000 ‘citizen’s inheritance’ given to every 25-year-old, the Commission proposed several ideas relating to fixing the housing market. These included:

* Introducing indeterminate tenancies as the sole form of private rental contract. (Scotland have already adopted this policy, but the report recommends England and Wales follow suit.)
* Limiting rent rises to CPI inflation for set three-year periods through ‘light-touch’ stabilisation measures.
* A housing tribunal system with powers to adjudicate on challenges to rent rises.
* Require landlords to register with their local authority, thereby bringing England in line with the rest of the UK.
* Improve support for younger families on low-to-middle incomes by revisiting housing benefit rules.
* Replacement of council tax with a progressive property tax related to up-to-date values.
* Halve stamp duty to encourage property-owners to move.
* Providing city and city-region mayors the powers to limit residential property sales in housing hotspots to UK residents.
* A time-limited cut to capital gains tax for owners of multiple properties selling to first-time buyers.
* Reforming the viability process to ensure builders deliver on their affordable homes commitments.
* Allow local authorities to borrow to build new homes.

You can learn more about the report [https://www.resolutionfoundation.org/publications/a-new-generational-contract-the-final-report-of-the-intergenerational-commission/ here].

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Affordable housing.
* Diversity and the housing crisis.
* Draft housing strategy for London 2017.
* Fixing the foundations.
* Help to buy.
* Home ownership.
* Housing shortage.
* Housing white paper 2017.
* Private rented sector PRS.
* Redfern review into the decline of homeownership.
* The rise of multiple property ownership in Britain.

[[Category:Publications_/_reports]] [[Category:Policy]] [[Category:News]]

← Older revision		Revision as of 15:34, 10 May 2018
Line 1:		Line 1:
−	[[File:Generationalcontract.jpg]]	+	[[File:Generationalcontract.jpg\|link=File:Generationalcontract.jpg]]

	In May 2018, the influential thinktank the Resolution Foundation published a report following a two-year study into intergenerational fairness.		In May 2018, the influential thinktank the Resolution Foundation published a report following a two-year study into intergenerational fairness.

−	~~The report, titled~~ ‘A new generational contract: the final report of the Intergenerational Commission’ contains the conclusions of the Commission and provides an analysis of the intergenerational challenges between the ‘baby boomers’ and ‘millennials’ and their respective prospects.	+	‘A new generational contract: the final report of the Intergenerational Commission’ contains the conclusions of the Commission and provides an analysis of the intergenerational challenges between the ‘baby boomers’ and ‘millennials’ and their respective prospects.

	David Willetts, the former Conservative universities minister, chaired the panel, which also included Frances O’Grady, the TUC Secretary General, and Carolyn Fairbairn, the CBI Director General. According to Fairbairn, the conclusions were built around the acceptance that the ‘tacit deal in which the young look after the old and the old help the young have a better life than the generation before’ had demonstrably broken down.		David Willetts, the former Conservative universities minister, chaired the panel, which also included Frances O’Grady, the TUC Secretary General, and Carolyn Fairbairn, the CBI Director General. According to Fairbairn, the conclusions were built around the acceptance that the ‘tacit deal in which the young look after the old and the old help the young have a better life than the generation before’ had demonstrably broken down.

−	As well as suggesting policies such as a £10,000 ‘citizen’s inheritance’ given to every 25-year-old, the Commission proposed several ideas relating to ~~fixing~~ the housing market~~. These included~~:	+	As well as suggesting policies such as a £10,000 ‘citizen’s inheritance’ given to every 25-year-old, the Commission proposed several ideas relating to the housing market:

	* Introducing indeterminate tenancies as the sole form of private rental contract. (Scotland have already adopted this policy, but the report recommends England and Wales follow suit.)		* Introducing indeterminate tenancies as the sole form of private rental contract. (Scotland have already adopted this policy, but the report recommends England and Wales follow suit.)
	* Limiting rent rises to CPI inflation for set three-year periods through ‘light-touch’ stabilisation measures.		* Limiting rent rises to CPI inflation for set three-year periods through ‘light-touch’ stabilisation measures.
	* A housing tribunal system with powers to adjudicate on challenges to rent rises.		* A housing tribunal system with powers to adjudicate on challenges to rent rises.
−	* ~~Require~~ landlords to register with their local authority, thereby bringing England in line with the rest of the UK.	+	* Requiring landlords to register with their local authority, thereby bringing England in line with the rest of the UK.
−	* ~~Improve~~ support for younger families on low-to-middle incomes by revisiting housing benefit rules.	+	* Improving support for younger families on low-to-middle incomes by revisiting housing benefit rules.
−	* ~~Replacement of~~ council tax with a progressive property tax related to up-to-date values.	+	* Replacing council tax with a progressive property tax related to up-to-date values.
−	* ~~Halve~~ stamp duty to encourage property-owners to move.	+	* Halving stamp duty to encourage property-owners to move.
−	* Providing city and city-region mayors ~~the~~ powers to limit residential property sales in housing hotspots to UK residents.	+	* Providing city and city-region mayors with powers to limit residential property sales in housing hotspots to UK residents.
	* A time-limited cut to capital gains tax for owners of multiple properties selling to first-time buyers.		* A time-limited cut to capital gains tax for owners of multiple properties selling to first-time buyers.
	* Reforming the viability process to ensure builders deliver on their affordable homes commitments.		* Reforming the viability process to ensure builders deliver on their affordable homes commitments.
−	* ~~Allow~~ local authorities to borrow to build new homes.	+	* Allowing local authorities to borrow to build new homes.

	You can learn more about the report [https://www.resolutionfoundation.org/publications/a-new-generational-contract-the-final-report-of-the-intergenerational-commission/ here].		You can learn more about the report [https://www.resolutionfoundation.org/publications/a-new-generational-contract-the-final-report-of-the-intergenerational-commission/ here].
Line 39:		Line 39:
	* The rise of multiple property ownership in Britain.		* The rise of multiple property ownership in Britain.

−	[[Category:Publications_/_reports]] [[Category:Policy]] [[Category:News]]	+	[[Category:Publications_/_reports]] [[Category:Policy]] [[Category:DCN_Policy]] [[Category:News]] [[Category:DCN_News]]