The media register their vote of no confidence
The media response to Brown’s recovery package for the housing market feels like some kind of milestone. It’s negative pretty much across the board (as this useful summary by Jenny Percival points out) – picking up on all of the package’s inconsistencies: how it won’t have much of an effect; how it will place undue pressure on the public finances; and how it’s encouraging potential buyers to catch a falling knife. Of course, you could say that’s exactly the right response, and I’d agree. But the fact remains that Brown’s measures – and particularly the stamp duty holiday – are, at least, easy to spin in a positive way. It just seems that no one can now bring themselves to do so.
