Engage the grassroots

Galloway's victory shows how out of touch the three main parties are with young Muslims.

As the dust settles in Bradford West after a stunning victory for George Galloway, questions will surely be raised as to just how such a huge scale of victory was achieved. Not only only did Galloway regain his seat in Parliament, but he also sent a strong message to the 3 major parties that they have to do a lot more to connect with disenfranchised young Muslims - the main driving force behind Galloways stunning victory.

As Chair of the University of Bradford Union I saw how Galloway used all his political know-how to rally up support from young people and students alike, many of whom were Muslims from Bradford, capturing their hearts and minds and helping to cause one of the biggest recent upsets in British politics. Galloway gained a celebrity status as he casually walked around on campus after he stood for the seat, embracing Asian students as they rushed to take pictures.

These students and young people then went on to rally many other young Muslim voters in areas across Bradford such as the heavily Asian populated Manningham. Make no mistake about it, Galloway touched the hearts of the youth in Bradford especially in the last 48 hours before voting closed; hundreds of young people campaigned to make the unthinkable a reality.

The campaigners were oblivious of Galloway's track record beyond the war, or his reputation as an opportunist and one who "never delivers" for his constituent members. His supporters, many of whom have never voted before in their lives and who seem politically unaware, were now taking part in the democratic process for the first time - to see young Muslims participating in itself was inspirational.

There will be questions of how Galloway played on the "Muslim card", and his performance will be scrutinised over the next few years. The jury is out as to whether he actually delivers on his promises made to the people of Bradford. Indeed - will he deliver and sustain support for the seat come 2015, or follow his usual trajectory with the Muslim communities of East London?

The Labour Party is due an analysis of how we lost such a safe seat with a great local campaigner and activist. I met both Ed Miliband and Imran Hussian at the University last week and Ed Miliband commended Imran on his great local work and connection with people on the ground. Something went terribly wrong - the script of mainstream politics was not relevant to young Muslims.

On a turnout of 50.78 per cent we were crushed by a 36.59 per cent swing from Labour to Respect that saw Galloway take the seat with a majority of 10,140. In reality, this is further evidence that young Muslims feel alienated from mainstream politics and want to get involved and make a difference but they are unsure of how to make their voices heard when they feel neglected and let down. While Tories will always struggle to connect with ethnic communities, Labour must evaluate how it lost its supporters.

Ed Miliband and the leadership must work harder to engage with grassroots minority communities up and down the country - including Muslim communities, many of whom have strong Labour roots. Trust needs to be rebuilt, the time for reconciliation is now. Some may argue young Muslims need to do more on their part to engage, though there is repeated evidence that many young Muslims feel demonised, pushed aside and disregarded by the media and politicians. This election marks an entry point for many young Muslims into national politics; Westminster would be foolish to drift away from them any further.

Furqan Naeem is the Chair of University of Bradford Students Union, a member of the Labour Students National Committee and a Trustee for the Muslim Youth Helpline

George Galloway. Photo: Getty Images
Getty
Show Hide image

I was wrong about Help to Buy - but I'm still glad it's gone

As a mortgage journalist in 2013, I was deeply sceptical of the guarantee scheme. 

If you just read the headlines about Help to Buy, you could be under the impression that Theresa May has just axed an important scheme for first-time buyers. If you're on the left, you might conclude that she is on a mission to make life worse for ordinary working people. If you just enjoy blue-on-blue action, it's a swipe at the Chancellor she sacked, George Osborne.

Except it's none of those things. Help to Buy mortgage guarantee scheme is a policy that actually worked pretty well - despite the concerns of financial journalists including me - and has served its purpose.

When Osborne first announced Help to Buy in 2013, it was controversial. Mortgage journalists, such as I was at the time, were still mopping up news from the financial crisis. We were still writing up reports about the toxic loan books that had brought the banks crashing down. The idea of the Government promising to bail out mortgage borrowers seemed the height of recklessness.

But the Government always intended Help to Buy mortgage guarantee to act as a stimulus, not a long-term solution. From the beginning, it had an end date - 31 December 2016. The idea was to encourage big banks to start lending again.

So far, the record of Help to Buy has been pretty good. A first-time buyer in 2013 with a 5 per cent deposit had 56 mortgage products to choose from - not much when you consider some of those products would have been ridiculously expensive or would come with many strings attached. By 2016, according to Moneyfacts, first-time buyers had 271 products to choose from, nearly a five-fold increase

Over the same period, financial regulators have introduced much tougher mortgage affordability rules. First-time buyers can be expected to be interrogated about their income, their little luxuries and how they would cope if interest rates rose (contrary to our expectations in 2013, the Bank of England base rate has actually fallen). 

A criticism that still rings true, however, is that the mortgage guarantee scheme only helps boost demand for properties, while doing nothing about the lack of housing supply. Unlike its sister scheme, the Help to Buy equity loan scheme, there is no incentive for property companies to build more homes. According to FullFact, there were just 112,000 homes being built in England and Wales in 2010. By 2015, that had increased, but only to a mere 149,000.

This lack of supply helps to prop up house prices - one of the factors making it so difficult to get on the housing ladder in the first place. In July, the average house price in England was £233,000. This means a first-time buyer with a 5 per cent deposit of £11,650 would still need to be earning nearly £50,000 to meet most mortgage affordability criteria. In other words, the Help to Buy mortgage guarantee is targeted squarely at the middle class.

The Government plans to maintain the Help to Buy equity loan scheme, which is restricted to new builds, and the Help to Buy ISA, which rewards savers at a time of low interest rates. As for Help to Buy mortgage guarantee, the scheme may be dead, but so long as high street banks are offering 95 per cent mortgages, its effects are still with us.