Was any political promise more doomed to failure than leasehold reform? Since 2017, the Government has repeatedly pledged that the “outdated feudal system” would be overturned — yet in the intervening years, any proposed policies have been watered down so vigorously as to be unrecognisable.
As confirmed in today’s King’s Speech, leaseholds will only be banned for new-build houses, and not flats — which account for 70 per cent of all leasehold homes in the UK.
