Madness, madness, they call it (housing) madness
The property market is broken.
Years of cheap money have allowed lenders to lend more and more to people earning less and less and we’re at crisis point.
The politics of trying to boost the housing market to win votes has left us on the brink of potential disaster.
Rents are likely to soar too, removing even that alternative to having a roof over our heads, and while all the economic focus rests on London there’s little incentive to move to Stoke-on-Trent.
It was with this mess in mind that we’d been looking forward to the latest Government white paper that promised to outline plans for the ultimate rescue package for housing.
It might as well have been 104 blank pages for all the piffle it contained. There is no plan. They don’t know what to do.
The question is, can Simon Lambert, Rachel Rickard Straus and Georgie Frost come up with any better ideas?
Also on the show…
Could another idiotic car scrappage deal be on the cards? This time for our once eco-friendly diesels.
Our failed energy regulator is allowing the big suppliers to get away with the heating equivalent of murder as nPower claims its seventh most disgraceful company of year award in a row.
Aldi opens its door to This is Money as its assault on the Home Counties continues with old-school Tesco-like zeal. Where will it end?
Car wars – there’s some prices in the showrooms definitely worth a look
And Rachel reveals the best school trip stories you’re ever likely to hear.
Enjoy