http://www.ft.com/cms/s/0/3fe11ee4-b63d-11e1-a14a-00144feabdc0.html#ixzz1xnw7z99H
this is a textbook class interest preservation move. this government will do whatever it takes to keep the mortgage rates low because it is the only way it can keep the price of land high. this is at the center of its policies. it does not have a strategy but it has a goal. the economy will not grow unless people will have more disposable income. keep land scarce and expensive and mortgage principals as well as rents will continue to rise so a disproportionate part of their income accrues to a handful of privileged: the landlords and the banks.
no better location could have been chosen: mansion house. sounds good, eh?
http://softcapitalist.blogspot.co.uk/
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