John Hemming's Web Log John's Reference Website
Monday, September 22, 2008
  Gordon's Housing Bubble is Bursting
The link is to Norman Lamont's article about the Government's Economic Policy.

I always wondered why there was such a treasury constraint on the building of housing for rent through Social Landlords. I had this theory that it could be as a consequence of trying to push up house prices through scarcity of resource.

In any event having a policy based upon equity withdrawal and ever increasing house prices to drive the economy was always unsustainable.

We are now starting to have to deal with the consequences of this.

The figures of 90-100bn for PSBR are very high indeed. I haven't yet seen a breakdown of this, but it would be interesting to see one. I shall try to post such a breakdown if I find one.
 
Comments: Post a Comment

<< Home

Click Here for access to higher resolution versions of the photos The license for use allows use of the photos by media as long as they are attributed.

better brent chart

ARCHIVES
12/01/2003 - 01/01/2004 / 07/01/2004 - 08/01/2004 / 12/01/2004 - 01/01/2005 / 01/01/2005 - 02/01/2005 / 02/01/2005 - 03/01/2005 / 03/01/2005 - 04/01/2005 / 04/01/2005 - 05/01/2005 / 05/01/2005 - 06/01/2005 / 06/01/2005 - 07/01/2005 / 07/01/2005 - 08/01/2005 / 08/01/2005 - 09/01/2005 / 09/01/2005 - 10/01/2005 / 10/01/2005 - 11/01/2005 / 11/01/2005 - 12/01/2005 / 12/01/2005 - 01/01/2006 / 01/01/2006 - 02/01/2006 / 02/01/2006 - 03/01/2006 / 03/01/2006 - 04/01/2006 / 04/01/2006 - 05/01/2006 / 05/01/2006 - 06/01/2006 / 06/01/2006 - 07/01/2006 / 07/01/2006 - 08/01/2006 / 08/01/2006 - 09/01/2006 / 09/01/2006 - 10/01/2006 / 10/01/2006 - 11/01/2006 / 11/01/2006 - 12/01/2006 / 12/01/2006 - 01/01/2007 / 01/01/2007 - 02/01/2007 / 02/01/2007 - 03/01/2007 / 03/01/2007 - 04/01/2007 / 04/01/2007 - 05/01/2007 / 05/01/2007 - 06/01/2007 / 06/01/2007 - 07/01/2007 / 07/01/2007 - 08/01/2007 / 08/01/2007 - 09/01/2007 / 09/01/2007 - 10/01/2007 / 10/01/2007 - 11/01/2007 / 11/01/2007 - 12/01/2007 / 12/01/2007 - 01/01/2008 / 01/01/2008 - 02/01/2008 / 02/01/2008 - 03/01/2008 / 03/01/2008 - 04/01/2008 / 04/01/2008 - 05/01/2008 / 05/01/2008 - 06/01/2008 / 06/01/2008 - 07/01/2008 / 07/01/2008 - 08/01/2008 / 08/01/2008 - 09/01/2008 / 09/01/2008 - 10/01/2008 / 10/01/2008 - 11/01/2008 / 11/01/2008 - 12/01/2008 / 12/01/2008 - 01/01/2009 / 01/01/2009 - 02/01/2009 / 02/01/2009 - 03/01/2009 / 03/01/2009 - 04/01/2009 / 04/01/2009 - 05/01/2009 / 05/01/2009 - 06/01/2009 / 06/01/2009 - 07/01/2009 / 07/01/2009 - 08/01/2009 / 08/01/2009 - 09/01/2009 / 09/01/2009 - 10/01/2009 / 10/01/2009 - 11/01/2009 / 11/01/2009 - 12/01/2009 / 12/01/2009 - 01/01/2010 / 01/01/2010 - 02/01/2010 / 02/01/2010 - 03/01/2010 / 03/01/2010 - 04/01/2010 / 04/01/2010 - 05/01/2010 / 05/01/2010 - 06/01/2010 / 06/01/2010 - 07/01/2010 / 07/01/2010 - 08/01/2010 / 08/01/2010 - 09/01/2010 / 09/01/2010 - 10/01/2010 / 10/01/2010 - 11/01/2010 / 11/01/2010 - 12/01/2010 / 12/01/2010 - 01/01/2011 / 01/01/2011 - 02/01/2011 / 02/01/2011 - 03/01/2011 / 03/01/2011 - 04/01/2011 / 04/01/2011 - 05/01/2011 / 05/01/2011 - 06/01/2011 / 06/01/2011 - 07/01/2011 / 07/01/2011 - 08/01/2011 / 08/01/2011 - 09/01/2011 / 09/01/2011 - 10/01/2011 / 10/01/2011 - 11/01/2011 / 11/01/2011 - 12/01/2011 / 12/01/2011 - 01/01/2012 / 01/01/2012 - 02/01/2012 / 02/01/2012 - 03/01/2012 / 03/01/2012 - 04/01/2012 / 04/01/2012 - 05/01/2012 / 05/01/2012 - 06/01/2012 / 06/01/2012 - 07/01/2012 / 07/01/2012 - 08/01/2012 / 08/01/2012 - 09/01/2012 / 09/01/2012 - 10/01/2012 / 10/01/2012 - 11/01/2012 / 11/01/2012 - 12/01/2012 / 12/01/2012 - 01/01/2013 / 01/01/2013 - 02/01/2013 / 02/01/2013 - 03/01/2013 / 03/01/2013 - 04/01/2013 / 04/01/2013 - 05/01/2013 / 05/01/2013 - 06/01/2013 / 06/01/2013 - 07/01/2013 / 07/01/2013 - 08/01/2013 / 08/01/2013 - 09/01/2013 / 09/01/2013 - 10/01/2013 / 10/01/2013 - 11/01/2013 / 11/01/2013 - 12/01/2013 / 12/01/2013 - 01/01/2014 / 01/01/2014 - 02/01/2014 / 02/01/2014 - 03/01/2014 / 03/01/2014 - 04/01/2014 / 04/01/2014 - 05/01/2014 / 05/01/2014 - 06/01/2014 / 06/01/2014 - 07/01/2014 / 07/01/2014 - 08/01/2014 / 08/01/2014 - 09/01/2014 /


Powered by Blogger

Published, promoted, and printed (well not really printed I suppose, more like typed) by John Hemming, 1772 Coventry Road, Birmingham B26 1PB. Hosted by blogspot.com part of Google.com 1600 Amphitheatre Parkway Mountain View, CA 94043, United States of America. This blog is posted by John Hemming in his personal capacity as an individual.

Site Feed

If you want me to respond to any comment please either comment only on the past few entries or put something in your comment to make it clear what you are commenting on (the URL would help). Otherwise I will not be able to find the comment quickly and will not respond.

Links
Links (c) Peter Black (mainly Lib Dem)
Site
Meter eXTReMe Tracker