Help to who? Can it help the 'right' people?

Blimey. I’m quite used to my policy ideas being roundly abused by one set of people or another – in fact it’s not a bad test of an idea’s salience: if no-one at all is outraged it’s probably a non-starter.

But I’m not sure I can remember a policy that has attracted quite such a thorough a kicking as George Osborne’s Help to Buy mortgage guarantee scheme.

We’ve always argued that profligate lending to struggling households desperate to get on … Read more