50-year mortgages won’t fix Britain’s broken housing market

Downing Street has come up with another cunning plan to fix the housing crisis: 50-year mortgages, passed from parent to child. No longer will your ability to afford a home be dependent on your earnings. Once the scheme is in place, you will be able to borrow against the incomes of your future children, in a heart-warming recreation of the age-old tradition of indentured labour.