Policy a 'cop-out'
Political reporter Labour’s housing policy was a “cop-out" which ignored that party’s deliberate policy of high interest rates, said the Opposition’s housing spokesman, Mr Roger McClay, yesterday. “Labour’s complete indifference to high interest
rates will cause sadness to those homeowners who are still trying to hang on paying 20 per cent and upwards.” Mr McClay said Housing Corporation figures showed that 70 per cent of the average total weekly wage was taken up with furnishing the mortgage on a new home, and 63
per cent on an existing home. Labour’s policy did nothing to encourage the private sector to assist the State in solving the accommodation crisis. The policy also left intact Labour’s anti-landlord legislation — a reference to the Residential Tenancy Act.
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Press, 4 August 1987, Page 3
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125Policy a 'cop-out' Press, 4 August 1987, Page 3
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