David Cameron has just been interviewed by Sarah Montague on Radio Four, who rather put him through his paces. She teased out an interesting position he is adopting to the growing concern about his Help to Buy mortgage subsidies. He defends himself by saying he will liberate those ‘trapped’ in rented accommodation and casts his critics as cold-hearted rich kids.
Montague started by saying that Cameron is putting £12 billion behind this and yet...
'It’s hard to find almost anyone who thinks it’s a good idea. The Treasury Select Committee. The former Bank of England governor, Sir Mervyn King. The IMF. The Council of Mortgage lenders. We could go on to think tanks: the Adam Smith Institute, Policy Exchange.
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