Fury at sale of MoD homes to Japanese
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Angry war veterans and Opposition politicians hit out yesterday at the controversial pounds 1.66bn sale of military married quarters to a Japanese- led consortium.
Contracts for the 57,400 homes, 2,400 of which are empty, were exchanged between the Annington Homes consortium and the Government yesterday. They will be handed over on completion in six weeks' time.
The chairman and founder of the Japanese Labour Camp Survivors Association, Bill Holtham, said his members, who are taking legal action against the Japanese over their treatment during the Second World War, were furious about the deal.
Mr Holtham said: "We are extremely annoyed with the Government. For them to do this is extremely insensitive."
On hearing of the involvement of the Nomura International Bank of Japan in the consortium, Mr Holtham said: "The issue of human rights in this country has now been superseded by commercial interest."
The deal will bring in urgently needed cash to the Exchequer shortly before the Budget, giving Chancellor Kenneth Clarke greater leeway to make election-boosting tax cuts. Just pounds 100m of the proceeds will be retained by the Ministry of Defence to upgrade all married quarters over the next five to seven years.
Mr Holtham was worried about the fate of the service personnel under their new landlords, even though they will be given a discount for mortgages on ex-MoD houses.
The first year of the deal will cost the MoD an estimated pounds 111m in rents.
Labour is furious that the consortium includes major contributors to Conservative Party funds. Among them is Hambros Bank, whose chairman, Lord Hambro, is the party's honorary treasurer. Hambros has pumped pounds 300,000 into Conservative coffers since 1992, according to Labour.
Shadow Defence Secretary Dr David Clark said: "It is scandalous and disgraceful that our service families' homes should be sold off in order to line the pockets of Tory backers.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments