Sebastian Payne

Free Enterprise Group MPs say no to Help to Buy

Will any Tories except Cameron and Osborne applaud the Help to Buy mortgage scheme? At an IEA fringe event this evening, discussing lessons to be learnt from the recession, all the members present of the Free Enterprise Group of Tory MPs all conveyed their concern at the plans the Prime Minister has accelerated this weekend.

Former banker Andrea Leadsom said she was ‘exceedingly concerned’ and suggested the property cap should be lowered from £650,000 to £350,000. Chris Skidmore agreed the cap is too large while Kwasi Kwarteng (leader of the group) said he was ‘uneasy about governments propping up credit markets in such a direct way’.

The Free Enterprise Group have been heralded as the future of the Conservative party, but the present party is listening to them too. Take this year’s conference slogan: For Hardworking People. Originally coined by Dominic Raab last year, it is on every edifice in the conference zone. Chris Skidmore confirmed this evening this would be the Tories’ slogan into the next election.

Kwasi actually admitted he was ‘surprised’ how many of the group’s policies had been taken up by the government. Sadly their criticisms don’t seem to carry the same currency.

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