The downside of this is if you believe that the U.K. faces structural problems, then your chance of something turning up will inevitably be hampered by those.

Yeah, that’s what I had assumed Reeves was hinting at in the speech yesterday.

Someone who bought later simply won’t have experienced the kind of rises required to mismatch their income and property value to such a big degree.

Also Reeves did say something about alternative measures, so presumably there may be ways older homeowners can defer payment in extreme scenarios.

I wonder if there is a temporal dimension to this policy becoming viable too? The apocryphal scenario are people who bought a house in some parts of London decades ago which has skyrocketed in value since the 70s/80s. But most of these people are presumably leaving the property market now / soon?

#Idioteque

Last night I was able to put this right at the O2. Completely epic evening #paranoidandroid

Of course you can make the case for other cuts in spending to cover it, but to single it out a wasteful (as the article does) without any alternative comment on the actual problem it is attempting to tackle seems to be the height of vacuousness and/or amorality.

Clark’s Civilisation, mainly about shoes or possible Clerks Civilisation, hosted by Jay and Silent Bob.

Put differently, there is a parallel universe where the same number of people are dying of Covid, but the NHS is continuing to function in a hale and hearty fashion. Do lockdowns ever occur in that scenario?