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The Tories could promise to cut the upfront cost of a home for first time buyers to win over younger voters at the next election, it has been suggested.

Housing Secretary Michael Gove told The Times his party would “definitely” have a new offer in place for aspiring homeowners before polling day.

According to the newspaper, one option being considered is a scheme for longer fixed-term mortgages, to reduce the size of deposits.

Such schemes are common in the US, where mortgage rates are often fixed for 30 years, and where government often provides protection against a default, reducing the requirement for large deposits.

Another option reportedly being considered is a resurrected help-to-buy scheme. This closed last year and had offered a government loan to help people buy a new-build property with just a 5% deposit.

Mr Gove said: “We have been asking the question, how can we ensure that people with decent incomes who are finding it difficult because of the scale of deposit required can get on to the housing ladder?

“I don’t want to pre-empt anything… but it’s about looking at some of the rigidities in the mortgage market which they haven’t got in other jurisdictions.”

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Government sources told the paper the plan would either be announced in the March budget or would form part of the Conservative manifesto.

Housing Secretary Michael Gove making a speech in central London setting out how he plans to speed up the planning system. Picture date: Tuesday December 19, 2023. PA Photo. See PA story POLITICS Housing. Photo credit should read: Jordan Pettitt/PA Wire
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Housing Secretary Michael Gove

Asked whether the Tories would be able to go into the next election promising more help for first-time buyers, Mr Gove said: “Oh, yes, we must. Definitely.”

The next election is expected some time in 2024 and comes as the Conservatives struggle to turn the tide in their favour, with Labour sitting around 20 points clear in the polls.

Some senior Tories have warned the party is at risk of losing a generation of voters over a lack of housebuilding – an issue that has divided Conservative MPs and is likely to be a major battleground at the election.

The 2019 manifesto promised to build 300,000 homes a year in England by the mid-2020s – a figure that has not yet been met.

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Last year, Mr Gove watered down the target following pressure from backbench Tories.

Read more:
Average house price predicted to be £45,000 higher by 2028
When could the next general election be?

As well as making pledges on housing, reports this morning suggested Downing Street is considering cutting inheritance tax in three months’ time in a bid to woo voters.

The Daily Telegraph said senior figures in Number 10 were considering a handful of major tax cuts as Rishi Sunak comes under continued pressure from Tory MPs.

Around 4% of households pay inheritance tax and scrapping it would cost the Treasury around £8bn a year, experts have predicted.

But cutting it would likely create a dividing line with Labour, which is unlikely to support such a measure.

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EU sanctions crypto entities for election interference, disinformation

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EU sanctions crypto entities for election interference, disinformation

EU sanctions crypto entities for election interference, disinformation

The EU has sanctioned multiple entities for using cryptocurrencies to evade restrictions, channel funds, and propagate pro‑Russian disinformation and election interference.

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Starmer says former Tory ministers have ‘serious questions to answer’ over Afghan data breach

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Starmer says former Tory ministers have 'serious questions to answer' over Afghan data breach

Sir Keir Starmer has said former Tory ministers have “serious questions to answer” about how the names of Afghans who worked with UK forces were exposed.

Nearly 7,000 Afghan nationals are being relocated to the UK after their names were accidentally sent in an email in February 2022, when Boris Johnson was prime minister, but the leak was only discovered by the British military in August 2023, when Rishi Sunak was PM.

A super-injunction, preventing the reporting of the mistake, was imposed that year in an attempt to prevent the Taliban from finding out about the leak.

The Conservative government at the time then started transporting thousands of Afghans to the UK in secret as they were in danger.

On Tuesday, the injunction was lifted.

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Victim of Afghan data breach speaks to Sky

Kicking off Prime Minister’s Questions, Sir Keir said: “Ministers who served under the party opposite have serious questions to answer about how this was ever allowed to happen.

“The chair of the defence committee has indicated that he intends to hold further inquiries.

“I welcome that and hope that those who are in office at the time will welcome that scrutiny.”

The data breach saw a defence official accidentally release details of almost 19,000 people seeking to flee Afghanistan after the return of the Taliban.

Conservative leader Kemi Badenoch avoided mentioning the data breach, but Lib Dem leader Sir Ed Davey said it was “shocking” how it had been kept secret for three years.

Sir Ed said the prime minister will have the Lib Dems’ support if he decides to pursue a public inquiry.

Mr Healey’s Tory predecessor, Sir Ben Wallace, said he makes “no apology” for applying for the initial four-month injunction and insisted it was “not a cover-up”.

The scheme, which had been kept under wraps until yesterday, has so far cost hundreds of millions of pounds.

However, the total cost to the taxpayer of existing schemes to assist Afghans who are deemed eligible for British support, as well as the additional cost from the breach, will come to at least £6bn.

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Afghans being relocated after data breach

Earlier, Defence Secretary John Healey told Sky News he is “deeply uncomfortable” with the government using a super-injunction to keep the massive data breach hidden.

He said: “I’m really deeply uncomfortable with the idea that a government applies for a super-injunction.

“If there are any [other] super-injunctions in place, I just have to tell you – I don’t know about them. I haven’t been read into them.

“The important thing here now is that we’ve closed the scheme.”

Mr Healey was informed of the breach while in opposition, and earlier this year he commissioned a review that led to the injunction being lifted.

He said “accountability starts now” and added Labour had to deal with the risks, court papers, intelligence assessments and different schemes when they came to power last summer before they could lift the injunction.

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CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer

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CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer

CLARITY Act isn’t perfect, but it’s the bill US Congress must pass this summer

The Digital Asset Market Clarity Act isn’t perfect, but Congress should pass it this summer to establish the US as the global leader in digital asset regulation.

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