Thursday, May 23, 2013

The Chancellor’s manipulation of the housing market will lead to disaster

Spectator: George Osborne's property bubble will lead to disaster

Merryn Somerset Webb, editor in chief of MoneyWeek, has long predicted a collapse of the housing bubble. Here she looks at the growing number of government interventions in the UK housing market and the possible outcomes that are likely to end in disaster. (Or more affordable housing if you look at it another way).

Posted by james tennant @ 11:46 AM (2242 views)
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9 Comments

1. dill said...

Quit the irresponsibility, Osborne. It won't win you votes.

Thursday, May 23, 2013 07:11PM Report Comment
 

2. nickb said...

As member of the Bullingdon club, London landlord and recipient of donations from CQS Asset Management, KPMG and Deloitte, son in law of Lord Howell president of Shell, George Osborne has only your interests at heart.

Friday, May 24, 2013 08:35AM Report Comment
 

3. dill said...

Such has been the level of consternation shown (by respected commentators) at Osbrown's wheeze, I'm wondering if there might be a u-turn come the Autumn Statement - though I doubt it as it's all part of 'the plan'. What might make things interesting, though, is if his friend and uber in no.10 finds himself facing a leadership challenge. Watch out for a stalking horse in the summer recess.

Friday, May 24, 2013 09:15AM Report Comment
 

4. mrmickey said...

I don't know anybody apart from George Osborne who thinks this is a good idea, in fact most people see this as a desperate atempt to win votes.

Friday, May 24, 2013 09:33AM Report Comment
 

5. mark wadsworth said...

Georgon Osbrown.

Friday, May 24, 2013 01:12PM Report Comment
 

6. stillthinking said...

The point to remember is that all the value comes off sterling. Personally I learnt a lesson from the UK government hiding a credit bubble collapse in nominal terms. If they manage to propel housing up to the stratosphere then I will be borrowing as much sterling as I can and shifting out (which is what a lot will do which makes me think that this is only an electoral ploy).

Saturday, May 25, 2013 03:35AM Report Comment
 

7. clockslinger said...

Dill @ 1, sadly, it will. It always has done and where's the evidence of a change in this regard in the make up of the British voter?
Nickb @2, exactly so!
Stillthinking @6, well yes, but why would most who can do so not simply buy and ride the nominal sterling increase if paid in sterling? I don't get it. Most peole can't shift out, if you mean a carry trade type deal by borrowing sterling and buying elsewhere. Or have I got you wrong?

Saturday, May 25, 2013 12:59PM Report Comment
 

8. dill said...

@ clockslinger

Latest YouGov poll (24/05/2013)

Con 29% ; Lab 42% ; LD 11% ; Ukip 13%

Source: http://yougov.co.uk/news/2013/05/24/update-labour-lead-13/

Latest ICM poll (13/05/2013)

Con 28% ; Lab 34% ; LD 11% ; Ukip 18%

Source: http://www.icmresearch.com/guardian-poll-may-2013

Latest IpsosMori poll (15/05/2013)

Con: 31% ; Lab 34% ; LD 10% ; Ukip 13%

Source: http://www.ipsos-mori.com/researchpublications/researcharchive/3176/Ipsos-MORI-Political-Monitor-May-2013.aspx

Saturday, May 25, 2013 05:44PM Report Comment
 

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