Flick 🇬🇧 on Nostr: She can’t be serious, surely? ...
She can’t be serious, surely?
https://www.spectator.co.uk/article/rachel-reeves-tries-deregulation-but-shes-bad-at-that-too/
According to a report in the Times, the Chancellor is looking at relaxing the rules on mortgage lending to allow banks and building societies to offer people bigger, and riskier loans, to make it easier for people to borrow more money. […]
First, the issue with the British housing market is not that people don’t borrow enough money. It is that we don’t build enough houses, and the very few we do build are not big enough, and are often in the wrong place. All that easing the borrowing rules will do is drive up prices for the homes we have, making property even more expensive. Next, the last thing the UK needs is yet more debt, and a speculative bubble.
If rising house prices were the key to economic growth, then the UK would be one of the best performing countries in the world. Unfortunately it isn’t.
https://archive.ph/0KmJI
https://www.spectator.co.uk/article/rachel-reeves-tries-deregulation-but-shes-bad-at-that-too/
According to a report in the Times, the Chancellor is looking at relaxing the rules on mortgage lending to allow banks and building societies to offer people bigger, and riskier loans, to make it easier for people to borrow more money. […]
First, the issue with the British housing market is not that people don’t borrow enough money. It is that we don’t build enough houses, and the very few we do build are not big enough, and are often in the wrong place. All that easing the borrowing rules will do is drive up prices for the homes we have, making property even more expensive. Next, the last thing the UK needs is yet more debt, and a speculative bubble.
If rising house prices were the key to economic growth, then the UK would be one of the best performing countries in the world. Unfortunately it isn’t.
https://archive.ph/0KmJI