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Written by rosalind renshaw

Well, it didn’t take long, did it?

A few months into office, and already the housing minister is saying: “There will be no return to the way it was, because boom and bust in housing cannot be allowed to happen again.”

Grant Shapps said it at the National Housing Federation annual conference.

But what he did NOT say was perhaps more interesting.

On the same day, Wednesday, another conference – organised by the Council of Mortgage Lenders – heard that public spending cuts will be between 25–40%.

The 40% bit came as news to some of us, especially when repeated by more than one speaker.

It was left to Richard Capie, director of policy and practice at the Chartered Institute of Housing, to explain that some public budgets, such as defence and health, would not be able to withstand cuts of as much as 25%, and therefore other budgets would be cut harder.

He named transport and housing, the implication being that it would be the private rented sector coming to the rescue of those unable to be housed by local councils.

Comments

  • icon

    "...boom and bust in housing cannot be allowed to happen again.”

    So - the politicians have decreed. Again.

    Just how does this particular King Canute believe he will stop the tides that we know as the housing market from ebbing and flowing?

    House Price Police, maybe? Upholding the Law that house prices must follow index linked parameters?

    Will they be armed? Pre-instructed to shoot on sight, maybe?

    Or will those heinous individuals who break the Law be arrested, tried by a jury of their peers and publicly executed for crimes against the Market?

    Sure makes a pending PMA case pale into insignificance - doesn't it... ;0)

    • 27 September 2010 16:38 PM
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    errr...what cuts? From John Redwood's blog:

    'According to this year’s budget plans, public current spending will rise from £600.6 billion in 2009-10, the last Labour year, to £692.7 billion in 2014-15, the last planned year of the Coalition government in this Parliament. That’s a rise of £92.7 billion, or more than 15%: a rise of £1500 for every man,woman and child in the UK.'

    In real terms there is only a 0.2% cut in public expenditure.

    When you went to school were there Teaching Assistants? Current educational standards are dire. Sack the lot.

    Was Britain safer before we had PAID PCSOs? Yes it was. Sack the lot.

    The public sector needs pruning with chain saw.

    • 24 September 2010 10:19 AM
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