The main (sole) step taken by the UK government to help the economy back on its feet is a scheme to help buyers into houses by helping them with their deposits.
One expert has described this scheme as
http://www.guardian.co.uk/business/2...to-buy-moronic
My concern with the policy is that it will tend to add fuel to an already over-wrought housing market, it exposes the government to losses should the market reverse and founding economic growth on the housing market is a bad idea (look at Ireland and Spain).
One expert has described this scheme as
Quote:
One of the most stupid economic ideas of the past 30 years |
http://www.guardian.co.uk/business/2...to-buy-moronic
My concern with the policy is that it will tend to add fuel to an already over-wrought housing market, it exposes the government to losses should the market reverse and founding economic growth on the housing market is a bad idea (look at Ireland and Spain).
via JREF Forum http://forums.randi.org/showthread.php?t=262618&goto=newpost
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