You'll recall that the Tories included in their last manifesto the end/curtailment of the exploitative ground rent system in England & Wales.

Well, it seems this has now been abandoned in the face of intense lobbying from investment & pension managers who receive the payments.

So, just to be clear, given the choice of helping homeowners (under leaseholds) or people in financial services, despite a manifesto commitment, the Tories chose the latter...

So much for democracy, then!

#democracy