FT Advisor: The Green party manifesto: experts' verdict:
The Green party's pledge to introduce a 'wealth tax' on the country's richest individuals will be both damaging and difficult to implement, according to experts.
This is Harps Garcha's - Director at Brooklyns Financial - verdict on the policies outlined in the manifesto and what the implications could be:
"Harps Garcha, felt the policies were an attempt to get the renters' vote."
She said: "Rents are going up because of basic economies, namely supply and demand, so its hard to see how 'controlling rents' will fix things. If anything, it'll just push landlords to sell. Once again, like other parties, this is just a move to win votes from renters. In the long run, it won't help the folks they say it will.
On a brighter note, sprucing up older housing and ditching the 'right to buy' scheme will help those in need of social housing a lot faster than building from scratch."
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