The British government repeats promises to protect tenants from abusive ground rents, but real action is delayed. Meanwhile, large landlords and investment funds continue to exploit thousands of families who pay for a home they do not own. The solution is clear: approve the £250 cap now and include retroactive penalties for landlords who have overcharged.
How blockchain technology exposes land speculation 🔗
Distributed ledger technology, such as blockchain, makes it possible to trace historical land ownership and detect patterns of speculation. By applying smart contracts, fair payments could be automated and retroactive penalties enforced without slow judicial intervention. Systems like this are already used in property management in other countries, showing that the technical solution exists; what is lacking is the political will to implement it and curb investment funds.
The art of promising and doing nothing, Westminster style 🎭
The British government has perfected the national sport of promising reforms and then looking the other way. While tenants wait for the £250 cap, landlords rub their hands counting extra banknotes. It is almost a miracle they have not created a specific ministry to delay laws. But do not worry: if you wait another twenty years, perhaps your grandchildren will see the law passed. Or not.